Key Economic Benchmarks
Median Household Income
$49,724$4,144 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Toledo, OH
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Toledo, OH
Official FY2026 HUD Fair Market Rents for Toledo, OH MSA. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $769 | $9,228 | $30,760 | 18.6% |
| 1-Bedroom Apartment | $820 | $9,840 | $32,800 | 19.8% |
| 2-Bedroom ApartmentBenchmark | $1,076 | $12,912 | $43,040 | 26% |
| 3-Bedroom Home | $1,380 | $16,560 | $55,200 | 33.3% |
| 4-Bedroom Home | $1,454 | $17,448 | $58,160 | 35.1% |
50/30/20 Living Budget in Toledo, OH
Based on the local median household income of $49,724/year ($4,144/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Ohio
Explore net income after federal income tax, FICA, and Ohio state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Ohio with official federal datasets:
Frequently Asked Questions About Living in Toledo, OH
What is the median household income in Toledo, OH?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Toledo, OH is $49,724 per year (approximately $4,144 per month).
What is the average rent in Toledo, OH?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Toledo, OH are $769 for a studio, $820 for 1 bedroom, $1,076 for 2 bedrooms, $1,380 for 3 bedrooms, and $1,454 for 4 bedrooms.
How does the cost of living in Toledo, OH compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Toledo, OH is 91.5 (8.5% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Toledo, OH?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,076/month) in Toledo, OH requires a minimum gross household income of $43,040 per year ($3,587 per month).
What is a balanced 50/30/20 monthly budget in Toledo, OH?
For a typical household earning the median income of $49,724/year ($4,144/month) in Toledo, OH, a balanced 50/30/20 budget allocates $2,072/month to essential needs (rent, utilities, groceries), $1,243/month to discretionary spending, and $829/month to savings and debt repayment.
What are typical electricity and utility costs in Toledo, OH?
Residential electricity rates in Ohio average 19.2¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $173 per month.