Cost of Living in Toledo, WA

With a cost of living index of 96, Toledo, WA is slightly more affordable than average. Living here is 4% cheaper than the national average and 24% below the Washington state average of 119. Toledo is a small community of 529 residents.

Housing costs are the biggest factor in Toledo's cost of living. The median monthly rent is $1,101 (17% below the US median of $1,319), and the median home value sits at $302,300 (1% below the national median of $304,900). At current prices, the median home costs roughly 5.5x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Toledo is $55,139, which is 27% lower than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Toledo. The area sees an average annual temperature of 50.5°F, with summers averaging 63°F and winters around 40°F. Annual rainfall totals 50.6 inches spread over roughly 163 days.

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.