Toledo is a large city located in the state of Ohio. With a population of 279,789 people and 100 neighborhoods, Toledo is the fourth largest community in Ohio.
Unlike some cities, Toledo isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Toledo are a mix of both white- and blue-collar jobs. Overall, Toledo is a city of sales and office workers, service providers and professionals. There are especially a lot of people living in Toledo who work in office and administrative support (14.05%), sales jobs (10.12%) and food service (8.48%).
One thing noticeable about Toledo, is that it has a large population of people who are young, single, educated, and upwardly-mobile career starters. That’s because Toledo is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes Toledo a great place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun. In fact, Toledo is one of the top larger cities in America for educated single professionals to flock.
Toledo was recently voted the 2nd most a ffordable housing market for the US middle class and ranked 3rd best market for investing in single family turnkey rentals.
In a ranking of the ten most undervalued metro areas in the US, Toledo , Ohio ranked number seven. “...home prices are the most undervalued in Ohio. “...in several of the most undervalued markets, including Detroit and Chicago, prices are now rising year-over-year in the double digits,” writes Jed Kolko, chief economist at Trulia. “But those markets are unlikely to stay on the most-undervalued list for many more quarters.” www.businessinsider.com
Toledo Information and Demographics
In terms of college education, Toledo is nearly on par with the US average for all cities of 21.84%: 17.72% of adults 25 and older in Toledo have a bachelor's degree or advanced degree.
The per capita income in Toledo in 2010 was $19,113, which is lower middle income relative to Ohio and the nation. This equates to an annual income of $76,452 for a family of four. However, Toledo contains both very wealthy and poor people as well.
Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.
Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.
. (Recessions shown as gray bars.)
- Current Population Survey, CES
- Current Employment Statistics.
The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics. A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments. Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper. (Note: taxes are not considered here.)
The rent-to-mortgage payment ratio for Toledo was 1.14 in March 2014.
Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.