Cost Of Living in Toledo, IL

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18%

Overall NAT. AVG.

3%

Groceries NAT. AVG.

52%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Toledo	Illinois	National
Cost of living	82	98	100
Groceries	98	100	100
Health care	99	100	100
Housing	48	95	100
Transportation	98	101	100
Utilities	96	99	100
Lifestyle & Entertainment	98	100	100
Household Items	97	100	100
Education & Childcare	92	100	100

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Homes For Sale In Toledo, IL

107 S Illinois St

Toledo, IL

1097 County Road 700 N

Toledo, IL

Cost Of Living Quick Facts

The cost of living in Toledo is 16% lower than the Illinois average
The cost of living in Toledo is 18% lower than the national average
Toledo housing is 52% lower than the national average
Illinois general sales tax is 22% higher than the national average
Illinois state income tax is 91% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$104,506	$8,709	$2,438	$3,135
Renters	$41,539	$3,462	$969	$1,246

Illinois Sales Tax

State	General Sales Tax	With Max Surtax
Illinois	6.25%	10.25%

Illinois Income Tax

State	Income Tax (Low)	Income Tax (High)
Illinois	4.95%	4.95%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Yale, IL	135	76	23.9%
Hidalgo, IL	102	78	22.1%
Jewett, IL	291	79	20.9%
Westfield, IL	585	81	19.2%
Lerna, IL	258	82	17.7%
Toledo, IL	1,204	82	17.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
San Antonio, FL	1,204	108	7.7%
West Swanzey, NH	1,204	111	10.8%
Linden, TN	1,204	83	17.3%
Boyceville, WI	1,204	92	7.6%
Louis Bull 138B, AB	1,204	n/a
Toledo, IL	1,204	82	17.8%