Cost Of Living in Toronto, OH

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Toronto	Ohio	National
Cost of living	86	92	100
Goods & Services	93	100	100
Groceries	100	101	100
Health care	91	98	100
Housing	50	73	100
Transportation	107	100	100
Utilities	125	99	100

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Cost Of Living Quick Facts

The cost of living in Toronto is 7% lower than the Ohio average
The cost of living in Toronto is 14% lower than the national average
Toronto housing is 50% lower than the national average
Ohio general sales tax is 13% higher than the national average
Ohio state income tax is 6% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$52,063	$4,339	$1,215	$1,562
Renters	$21,107	$1,759	$492	$633

A good way to judge both the affordability of the housing and the cost of living in Toronto is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Toronto has a median income of about $52,063 for people who own homes. Based on that number, a maximum of $1,215 should be spent on expenses related to housing. Renters have a slightly different median income, which is $21,107. Based on this average, renters should spend no more than $492 on all rental costs if they want to maintain a non-impoverished standard of living.

Ohio Sales Tax

State	General Sales Tax	With Max Surtax
Ohio	5.75%	8%

Ohio Income Tax

State	Income Tax (Low)	Income Tax (High)
Ohio	2.76%	3.99%

Goods & Services

Item	Toronto	National avg.	Difference
Haircut	$23.73	$24.26	2.2%
Beauty Salon	$40.40	$45.56	11.3%
Toothpaste	$3.72	$3.70	0.6%
Shampoo	$1.39	$1.28	8.5%
Movie	$11.77	$12.13	3.0%
Bowling	$16.24	$18.00	9.8%

Groceries

Item	Toronto	National avg.	Difference
Ground Beef	$5.70	$5.84	2.3%
Fried Chicken	$1.41	$1.57	10.6%
Milk	$4.52	$4.67	3.2%
Potatoes	$5.47	$4.93	10.8%
Pizza	$12.83	$12.09	6.2%
Beer	$10.58	$10.41	1.6%

Health Care

Item	Toronto	National avg.	Difference
Optometrist	$109.26	$125.68	13.1%
Doctor	$100.92	$135.78	25.7%
Dentist	$110.50	$113.29	2.5%
Ibuprofen	$10.45	$10.65	1.9%
Lipitor	$502.54	$468.60	7.2%

Housing

Item	Toronto	National avg.	Difference
Home Price	$86,200.00	$184,700.00	53.3%
Avg. Mortgage Payment	$2,225.61	$2,346.69	5.2%
Apartment Rent	$556.00	$949.00	41.4%

Transportation

Item	Toronto	National avg.	Difference
Gasoline	$3.73	$3.46	7.6%
Tire Balancing	$64.05	$59.92	6.9%

Utilities

Item	Toronto	National avg.	Difference
All Electricity	$270.68	$193.99	39.5%
Phone	$196.77	$192.25	2.4%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Glasgow, PA	115	81	19.1%
La Croft, OH	1,048	82	18.5%
Smithfield, OH	827	82	18.4%
Stratton, OH	353	82	17.6%
Newell, WV	1,274	82	17.5%
Toronto, OH	5,357	86	14.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Tonganoxie, KS	5,357	94	5.6%
Macon, MO	5,357	82	18.4%
Weiser, ID	5,358	93	7.4%
St. Clair, MI	5,354	98	2.2%
Saint Marys, NB	5,353	n/a
Toronto, OH	5,357	86	14.4%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Toronto, OH