Salary & Cost of Living in Toledo, OH
Toledo, OH: $48,000 median salary, cost of living index 82, $10.65/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$48,000
$23/hr
Cost of Living
82
US avg = 100
Minimum Wage
$10.65
per hour
Unemployment
4.5%
rate
Toledo, OH Overview
Population
270,871
Median Salary
$48,000
Average Salary
$53,000
Avg Commute
20 min
Median Home Price
$120,000
Median Rent
$800/mo
Job Growth
+0.8%
Sales Tax
7.25%
Toledo is located in Ohio with a population of 270,871. The median household salary is $48,000 per year ($23/hour), which is $11,384 below the national median of $59,384. The average commute time is 20 minutes, and the city has a job growth rate of +0.8%.
Toledo Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Toledo, OH, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$37,847
$3,153.88/month · $1,455.63/biweekly · Effective Rate: 21.2%
Gross Pay
$48,000
Federal Tax
-$3,722
State Tax
-$1,680
Local Tax
-$1,080
FICA
-$3,672
Net Pay
$37,847
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,000.00 | $48,000.00 |
| Federal Income Tax | -$310.13 | -$3,721.50 |
| Ohio State Tax (3.5%) | -$140.00 | -$1,680.00 |
| Local Tax (2.25%) | -$90.00 | -$1,080.00 |
| Social Security (6.2%) | -$248.00 | -$2,976.00 |
| Medicare (1.45%) | -$58.00 | -$696.00 |
| Net Take-Home Pay | $3,153.88 | $37,846.50 |
Salary Comparison: Toledo vs Other Cities
See how Toledo's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Toledo, OH | $48,000 | 82 | $58,537 |
| National Average | $59,384 | 100 | $59,384 |
| Decatur, AL | $48,000 | 84 | $57,143 |
| Springdale, AR | $48,000 | 86 | $55,814 |
| Pomona, CA | $48,000 | 115 | $41,739 |
| Pueblo, CO | $48,000 | 88 | $54,545 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Toledo
Toledo's cost of living index is 82 (national average = 100). Living in Toledo is 18% less expensive than the national average.
Median Home Price
$120,000
Median Monthly Rent
$800
Annual Rent Cost
$9,600
Your Salary's Purchasing Power
Your $37,847 annual take-home pay in Toledo has the purchasing power of approximately $46,154 in an average-cost US area. Your $48,000 salary stretches further here than in most US cities.
Top Industries in Toledo
Toledo's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $48,000.
Salary Tips for Toledo Workers
- Your salary goes further here. Toledo has a cost of living 18% below the national average. A salary of $48,000 here has the purchasing power of about $58,537 in an average-cost area.
- Research top industries. Toledo's top industries include Healthcare, Manufacturing, Education. Targeting roles in these sectors can help you earn above the $48,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Toledo, OH?
The median salary in Toledo, OH is $48,000 per year, or $23 per hour. The average salary is $53,000. This is $11,384 below the national median of $59,384.
What is the cost of living in Toledo, OH?
Toledo's cost of living index is 82 (national average = 100), meaning it is 18% less expensive compared to the national average. The median home price is $120,000 and the median monthly rent is $800.
What are the best industries in Toledo?
The top industries in Toledo, OH include Healthcare, Manufacturing, Education. The city has a job growth rate of 0.8% and an unemployment rate of 4.5%. Workers in these industries often earn above the city's median salary of $48,000.
How does Toledo's salary compare to other cities?
Toledo's median salary of $48,000 is 19.2% below the national median of $59,384. However, when adjusted for cost of living (index: 82), the real purchasing power is approximately $58,537.
What is the minimum wage in Toledo, OH?
The minimum wage in Toledo, OH is $10.65 per hour. This equals approximately $22,152 per year for a full-time worker (40 hours/week). This is $3.40 above the federal minimum wage of $7.25/hour.