Toronto, OH Cost Of Living
Cost Of Living In Toronto, OH Summary
Cost of living in Toronto research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Toronto is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Ohio, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Toronto is 88, with 100 being the average.
The cost of living index in Toronto is 0.9x lower than the national average.
Toronto ranks as the #110 cheapest in Ohio out of 286.
Toronto ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Toronto is $86,700.
The median income in Toronto is $44,960.
Table Of Contents
Toronto's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Toronto, OH?
According to the most recent data on the cost of living, Toronto has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Ohio, Toronto has a cost of living index that's 1.0x lower than Ohio's index of 91.
The standard of living in Toronto ranks as #110 most affordable out of the 286 places we measured in Ohio. By definition, that implies Toronto ranks as the #176 most expensive place in the Buckeye State.
For more reading on life in Toronto, check out:
- Living In Toronto
- Toronto Crime Report
- Search Homes For Sale In Toronto, OH
In Ohio
In America
Toronto Cost Of Living Vs. Ohio
Six factors go into calculating the cost of living index in Toronto. Here is how it fairs on each of the criteria:
The Services index in Toronto is 98.
The Groceries index in Toronto is 108.
The Health index in Toronto is 97.
The Housing index in Toronto is 49.
The Transportation index in Toronto is 119.
The Utilities index in Toronto is 116.
| Living Expense | Toronto | Ohio | National Average | |
|---|---|---|---|---|
| Overall | 88 | 91 | 100 | |
| Services | 98 | 98 | 100 | |
| Groceries | 108 | 101 | 100 | |
| Health | 97 | 95 | 100 | |
| Housing | 49 | 73 | 100 | |
| Transportation | 119 | 98 | 100 | |
| Utilities | 116 | 93 | 100 | |
Toronto, OH Housing Cost Breakdown
Housing swings affordability the most between places in Ohio, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Toronto is $86,700.
The Median Rent in Toronto is $631.
The Median Income in Toronto is $44,960.
The Home Value To Income in Toronto is 1.9x.
The Rent To Monthly Income in Toronto is 0.17x.
| Statistic | Toronto | Ohio | United States |
|---|---|---|---|
| Median Home Value | $86,700 | $159,900 | $244,900 |
| Median Rent | $631 | $870 | $1,163 |
| Median Income | $44,960 | $61,938 | $69,021 |
| Home Value To Income | 1.9x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Toronto, OH Costs By Category
Detailed Toronto Services Costs Vs. Ohio
Detailed Toronto Groceries Costs Vs. Ohio
Detailed Toronto Health Costs Vs. Ohio
Detailed Toronto Transportation Costs Vs. Ohio
Detailed Toronto Utilities Costs Vs. Ohio
Toronto SnackAbility
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Cost Of Living In Cities Around Toronto
The cost of living varies in the cities and towns around Toronto. Here's a quick look at the cost of living in the most populous nearby places:
Allison Park, PA has a cost of living index of 108, 1.2x Toronto.
Weirton, WV has a cost of living index of 91, 1.0x Toronto.
Steubenville, OH has a cost of living index of 91, 1.0x Toronto.
| City | Population | Cost Of Living | Vs. Toronto |
|---|---|---|---|
| Allison Park, PA | 23,160 | 108 | 1.2x |
| Weirton, WV | 19,150 | 91 | 1.0x |
| Steubenville, OH | 18,122 | 91 | 1.0x |
| New Philadelphia, OH | 17,622 | 90 | 1.0x |
| Franklin Park, PA | 15,239 | 119 | 1.4x |
| Dover, OH | 13,083 | 93 | 1.1x |
| Louisville, OH | 9,497 | 93 | 1.1x |
| Glenshaw, PA | 9,058 | 101 | 1.1x |
| Canfield, OH | 7,605 | 94 | 1.1x |
| Fox Chapel, PA | 5,314 | 164 | 1.9x |
