Welcome to the land of the 1%. Where you’ll find lawyers, and doctors, and business executives. And while they aren’t made of ticky-tacky, they are definitely made of money.
These are the wealthiest neighborhoods that Toledo has to offer. Where houses go for over 0.94x the national median and household incomes are 1.14x the national median.
But where exactly in Toledo do the richest of the rich people live? That would be Franklin Park where the median income is a cool $62,654.
Here’s a look at the top 10 wealthiest neighborhoods in Toledo out of 24 for 2023.
The Richest Neighborhoods In Toledo For 2023
What’s the richest neighborhood to live in Toledo for 2023? According to the most recent census data, Franklin Park looks to be the richest Toledo neighborhood to live in.
Summing up the median income of those 10 neighborhoods adds up to $516,648. And that, my friend, is more 0s than most of us will see in our bank account for a long, long time — if we ever get that lucky.
Find where your neighborhood ranks amongst the richest in Toledo.
For more Toledo reading, check out the best neighborhoods in Toledo and the worst neighborhoods in Toledo.
Or, for living around Toledo, out the best Toledo suburbs and the worst Toledo suburbs.
Table Of Contents: Table | Methodology
Richst Neighborhoods In Toledo For 2023 By Median Income
| Rank | Neighborhood | Median Household Income |
|---|---|---|
| 1 | Franklin Park | $62,654 |
| 2 | Beverly | $58,590 |
| 3 | Deveaux | $55,548 |
| 4 | North Towne | $52,902 |
| 5 | West Gate | $52,759 |
| 6 | Point Place | $49,317 |
| 7 | Reynolds Corners | $47,428 |
| 8 | Southwyck | $46,447 |
| 9 | Glendale-Heather Downs | $45,718 |
| 10 | Five Points | $45,285 |
| 11 | Ottawa | $43,778 |
| 12 | Whitmer-Trilby | $42,574 |
| 13 | Scott Park | $36,986 |
| 14 | East Toledo | $35,424 |
| 15 | Old West End | $34,812 |
| 16 | South Side | $34,153 |
| 17 | Birmingham | $29,994 |
| 18 | Olde Towne | $29,635 |
| 19 | Onyx | $28,661 |
| 20 | Roosevelt | $28,454 |
| 21 | La Grange | $25,795 |
| 22 | North River | $23,384 |
| 23 | City Center | $22,946 |
| 24 | Warren Sherman | $22,032 |
How We Determined The Wealthiest Neighborhoods In Toledo For 2023
Every city has its best neighborhoods — where everyone wants to live — and the worst neighborhoods — where no one wants to live. And then you have the wealthiest neighborhoods, where no one can afford to live.
And by no one, we mean you because there’s always someone richer than you.
How do you quantify richer than you? We looked at one simple criterion:
Which neighborhoods have the highest median income?
Using Saturday Night Science, we researched income data from the Census and BLS for every neighborhood in Toledo.
We ranked every neighborhood in Toledo by median income from highest to lowest. The neighborhood with the highest median income, Franklin Park, was named the wealthiest neighborhood in Toledo.
The poorest neighborhood? That would be Warren Sherman.
We updated this article for 2023. This is our tenth time ranking the most affluent neighborhoods to live in Toledo.
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