Cost of Living in Toronto, IA
Population: 69 | Iowa
Toronto is 23% less expensive than the national average.
Cost of Living in Toronto, IA: What You Need to Know
With a cost of living index of 77, Toronto, IA is a very affordable place to live. Living here is 23% cheaper than the national average and 6% above the Iowa state average of 71. Toronto is a small community of 69 residents.
The median household income in Toronto is $43,333, which is 42% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Climate is another factor for anyone considering a move to Toronto. The area sees an average annual temperature of 49.9°F, with summers averaging 72°F and winters around 25°F. Annual rainfall totals 36.2 inches spread over roughly 124 days. Cold winters mean higher heating bills, an important cost-of-living consideration.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $43,333
- vs US Median ($75,149)
- -42%
Housing
- Median Home Value
- $66,700
- Median Monthly Housing Cost
- $660/mo
Climate in Toronto
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 30 | 34 | 48 | 61 | 73 | 81 | 84 | 82 | 76 | 63 | 48 | 35 |
| Avg °F | 22 | 26 | 39 | 50 | 62 | 71 | 74 | 72 | 65 | 53 | 39 | 28 |
| Low °F | 14 | 18 | 29 | 39 | 51 | 61 | 64 | 62 | 53 | 42 | 30 | 20 |
| Rain" | 1.1 | 1.4 | 2.3 | 3.6 | 4.8 | 4.7 | 4.1 | 4.0 | 3.5 | 2.7 | 2.3 | 1.6 |