The 10 Cheapest Toledo, OH Neighborhoods To Live In For 2022


We used science and data to determine which neighborhoods in Toledo are the cheapest of the cheap.

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Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.

I'd much rather pay $500/mo in rent than $1,000. And I'd rather pay $2 for coffee than $5.

And while every neighbhorhood in Toledo might be more expensive than living in rural Ohio, there are certain neighborhoods that are definitely cheaper.

So what exactly are those Toledo neighborhoods where your dollar goes a little further -- you can get that one bedroom instead of the studio?

Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Toledo are the cheapest.

What's the cheapest neighborhood to live in Toledo for 2022? According to the most recent census data, Birmingham looks to be the cheaptest Toledo neighborhood to live in.

At this point we should make it clear that you do get what you pay for -- some of these neighborhoods might not be the best places to live in Toledo. You could be sacrificing location or crime rates in return for more space and cheaper groceries.

Read on to see how we determined the places around Toledo that deserve a little bragging rights or maybe you're interested in the worst neighborhoods in Toledo.

Once you're done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.

For more Ohio reading, check out:

The 10 Cheapest Neighborhoods To Live In Toledo For 2022

Overall SnackAbility

2
/10

Population: 3,845
Cost Of Living Index: 75 (cheapest)
Home Value To Income Ratio: 1.2 (cheapest)
Rent To Income Ratio: 0.019 (12th cheapest)
More on Birmingham: Homes For Sale | Data

Overall SnackAbility

4
/10

Population: 21,922
Cost Of Living Index: 78 (7th cheapest)
Home Value To Income Ratio: 1.2 (2nd cheapest)
Rent To Income Ratio: 0.02 (15th cheapest)
More on East Toledo: Homes For Sale | Data

Overall SnackAbility

2
/10

Population: 3,322
Cost Of Living Index: 76 (2nd cheapest)
Home Value To Income Ratio: 1.4 (4th cheapest)
Rent To Income Ratio: 0.025 (19th cheapest)
More on Roosevelt: Homes For Sale | Data

Overall SnackAbility

4
/10

Population: 19,543
Cost Of Living Index: 80 (12th cheapest)
Home Value To Income Ratio: 1.4 (3rd cheapest)
Rent To Income Ratio: 0.018 (11th cheapest)
More on Five Points: Homes For Sale | Data

Overall SnackAbility

2
/10

Population: 6,939
Cost Of Living Index: 76 (2nd cheapest)
Home Value To Income Ratio: 1.5 (6th cheapest)
Rent To Income Ratio: 0.025 (2cheapest)
More on North River: Homes For Sale | Data

Overall SnackAbility

6
/10

Population: 9,154
Cost Of Living Index: 85 (18th cheapest)
Home Value To Income Ratio: 1.8 (11th cheapest)
Rent To Income Ratio: 0.012 (2nd cheapest)
More on Beverly: Homes For Sale | Data

Overall SnackAbility

2
/10

Population: 12,704
Cost Of Living Index: 78 (7th cheapest)
Home Value To Income Ratio: 1.5 (5th cheapest)
Rent To Income Ratio: 0.025 (20th cheapest)
More on La Grange: Homes For Sale | Data

Overall SnackAbility

5
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Population: 9,689
Cost Of Living Index: 85 (18th cheapest)
Home Value To Income Ratio: 1.7 (9th cheapest)
Rent To Income Ratio: 0.013 (5th cheapest)
More on Point Place: Homes For Sale | Data

Overall SnackAbility

4
/10

Population: 6,563
Cost Of Living Index: 83 (16th cheapest)
Home Value To Income Ratio: 2.1 (15th cheapest)
Rent To Income Ratio: 0.013 (3rd cheapest)
More on North Towne: Homes For Sale | Data

Overall SnackAbility

5
/10

Population: 27,129
Cost Of Living Index: 82 (14th cheapest)
Home Value To Income Ratio: 2.1 (14th cheapest)
Rent To Income Ratio: 0.015 (6th cheapest)
More on Reynolds Corners: Homes For Sale | Data

Methodology: How We Determined The Cheapest Toledo Hoods In 2022

In order to rank the cheapest places to live in Toledo, we had to determine what criteria defines "cheap".

Using census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 24 in each category, where 1 was the cheapest.

Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.

And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the "Cheapest City Neighborhood In Toledo." We're lookin' at you, Birmingham.

Read on below to learn more about what it's like to live in the cheapest places Toledo. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.

Summary: Lowest Cost Places To Live In Toledo

If you're measuring the neighborhoods in Toledo where prices are low and it's cheap to live, this is an accurate list.

As we mentioned earlier, the neighborhoods in Toledo aren't all cheap. City Center takes the title of the most expensive neighborhood to live in Toledo.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more Ohio reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Toledo For 2022

Rank Neighborhood Cost Of Living Index
1 Birmingham 75
2 East Toledo 78
3 Roosevelt 76
4 Five Points 80
5 North River 76
6 Beverly 85
7 La Grange 78
8 Point Place 85
9 North Towne 83
10 Reynolds Corners 82
11 South Side 79
12 Old West End 81
13 Deveaux 84
14 Franklin Park 88
15 Glendale-Heather Downs 86
16 Warren Sherman 77
17 Whitmer-Trilby 83
18 Scott Park 79
19 Onyx 77
20 Olde Towne 78
21 Southwyck 89
22 Ottawa 86
23 West Gate 90
24 City Center 80

Editor's Note: We updated this article for 2022. This is our third time ranking the cheapest neighborhoods to live in Toledo.

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.