Small Town5,303 people

Toronto, OH

Discover how far your salary goes in Toronto. Compare taxes, rent, and living costs.

Cost Index
94
Below Average
Population

5,303

State Tax

4.0%

1BR Rent

$1,012

/month

vs National

-28%

below avg

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Rent Prices in Toronto

🏠

Studio

$810

/month

$9,720/year

Most Common
🛏️

1 Bedroom

$1,012

/month

$12,144/year

🏡

2 Bedroom

$1,366

/month

$16,392/year

🏘️

3 Bedroom

$1,771

/month

$21,252/year

Taxes in Ohio

State Income Tax

Ohio

4.0%

For a $100k salary, that's ~$4,000/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Toronto, OH?

Toronto has a cost of living index of 94, which is 6% below the national average. A 1-bedroom apartment costs around $1,012/month.

What is the state income tax in Ohio?

Ohio has a state income tax rate of approximately 4.0%. This is in addition to federal income tax.

How much is rent in Toronto?

The median rent for a 1-bedroom apartment in Toronto is $1,012/month. For a 2-bedroom, expect to pay around $1,366/month. This is 28% below the national average.

Is Toronto a good place to live?

Toronto is a small town with a population of 5,303. The cost of living is below average, making it more affordable than average for the US.

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