Article Table Of Contents
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.
The Cheapest Neighborhoods In Toledo For 2022
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:
- Best Places To Live In Ohio
- Cheapest Places To Live In Ohio
- Cheapest Cities To Live In America
- Cheapest States To Live In America
The 10 Cheapest Neighborhoods To Live In Toledo For 2022
/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
/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
/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
/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
/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
/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
/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
/10
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
/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
/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:
- Most Dangerous Cities In Ohio
- Richest Cities In Ohio
- Safest Places In Ohio
- Worst Places To Live In Ohio
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 |
