Toronto cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexTorontoOhioNational
Cost of living index8791100
IndexTorontoOhioNational
Goods & Services index92100100
Groceries index10998100
Health care index9296100
Housing index5073100
Transportation index119102100
Utilities index11491100
Here we can see a simple outline of the cost of living in Toronto, OH. As you can see, with the average cost of living in Toronto, OH being 87, that puts it 5% lower than the average of Ohio and 13% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Toronto, OH, the price of goods and services are 7% lower than the average of Ohio as well as 8% lower than the nation's average.
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Did you know?

  • The cost of living in Toronto is 5% lower than the Ohio average.
  • The cost of living in Toronto is 13% lower than the national average.
  • The cost of housing in Toronto is 50% lower than the national average.
  • Ohio general sales tax is 13% higher than the national average.
  • Ohio state income tax is 28% higher than the national average.

Compare Toronto, OH Cost of living To Other Cities

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      The salary calculator allows you to compare how much your current salary in Toronto, OH would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Toronto, OH, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Toronto, OH salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$44,615$3,718$1,041$1,339
      Renters$21,523$1,794$502$646
      A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Toronto, OH, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Toronto, OH has a median income of about $44,615 for people who own homes. Based on that number, a person should spend a maximum of $1,041 on expenses related to housing. Renters have a slightly different median income, which is $21,523. Based on this average, renters should spend no more than $502 on all of their rental costs if they want to maintain a non-impoverished standard of living.

      Ohio Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Ohio5.75%8%

      Ohio Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Ohio2.85%4.797%
      When considering the overall cost of living expenses in Toronto, OH, it's important to take into account the sales tax for Ohio, as well as the rate for income tax in Ohio. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Ohio is 8%, and the sales tax in the state of Ohio is 5.75%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Ohio starts from 2.85% and goes up to 4.797%.

      Goods & Services

      ItemTorontoNational avg.Difference
      Haircut $18.30$17.494.6%
      Beauty Salon $28.90$38.1724.3%
      Toothpaste $2.25$2.323.1%
      Shampoo $1.15$1.0113.6%
      Movie $10.39$10.723.1%
      Bowling $14.20$13.862.4%

      Groceries

      ItemTorontoNational avg.Difference
      Ground Beef $4.16$3.906.7%
      Fried Chicken $1.95$1.4039.7%
      Milk $2.11$1.967.5%
      Potatoes $3.59$3.1812.8%
      Pizza $10.89$10.394.8%
      Beer $9.76$9.235.7%

      Health Care

      ItemTorontoNational avg.Difference
      Optometrist $79.57$106.3425.2%
      Doctor $91.67$115.2520.5%
      Dentist $97.56$98.380.8%
      Ibuprofen $9.19$9.260.8%
      Lipitor $477.30$466.472.3%

      Housing

      ItemTorontoNational avg.Difference
      Home Price $82,200.00$184,700.0055.5%
      Avg. Mortgage Payment $1,359.16$1,273.326.7%
      Apartment Rent $589.00$949.0037.9%

      Transportation

      ItemTorontoNational avg.Difference
      Gasoline $2.96$2.5914.3%
      Tire Balancing $63.68$48.9030.2%

      Utilities

      ItemTorontoNational avg.Difference
      All Electricity$205.57$167.6022.6%
      Phone $187.74$163.4214.9%
      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, StatePopulationCost of Living IndexNational Avg.
      East Springfield, OH57481-19%
      Wellsville, OH3,43682-18%
      Newell, WV1,23782-18%
      Irondale, OH32282-18%
      Smithfield, OH82783-17%
      Toronto, OH5,08787-13%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Palmetto, GA5,08791-9%
      Kingsford, MI5,08681-19%
      Redwood Falls, MN5,08688-12%
      Bealeton, VA5,08511717%
      Pleasant Run Farm, OH5,08594-6%
      Toronto, OH5,08787-13%
      Source: The Toronto, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.