Convert your annual salary to hourly, daily, weekly, biweekly, and monthly pay in Toledo, and compare it to the local minimum wage and MIT living wage for 2026.
Last updated: May 2026 · Data: MIT Living Wage Calculator, C2ER, U.S. Census, BLS, IRS, state and city sources
Toledo minimum wage: $11.00/hour | Living wage: $17.50/hour
Median household income in Toledo is about $45,000. The applicable minimum wage is $11.00/hour, and the MIT living wage for a single adult is about $17.50/hour. Use the comparisons below to see where a given salary lands.
| Pay Benchmark (Toledo) | Hourly | Annual (full-time) |
|---|---|---|
| Applicable minimum wage | $11.00 | $22,880 |
| MIT living wage (single adult) | $17.50 | $36,400 |
| Median household income | $21.63 | $45,000 |
| Standard full-time hours | - | 2,080 hours/year |
Toledo sits at the western end of Lake Erie and is historically known as the Glass City, with an economy built on glass and automotive manufacturing (including Jeep), healthcare, the Port of Toledo, and the University of Toledo.
| Local Metric | Toledo (2026 estimate) |
|---|---|
| Metro population | 270,000 |
| County / jurisdiction | Lucas County |
| Cost of living index (US avg = 100) | 88 |
| MIT living wage, single adult | $17.50/hour |
| MIT living wage, one earner supporting a family of four | $37.50/hour |
| Applicable minimum wage | $11.00/hour |
| Average rent, 1-bedroom | $850/month |
| Average rent, 2-bedroom | $1,050/month |
| Median home price | $125,000 |
| Median household income | $45,000/year |
| Combined sales tax rate | 7.75% |
| Effective property tax rate | 2% of value/year |
Local figures are 2026 estimates compiled from the MIT Living Wage Calculator, the C2ER Cost of Living Index, U.S. Census and Zillow housing data, and city and county sources. Verify current figures before relying on them.
Divide your annual salary by your total work hours per year (40 hours/week times 52 weeks is 2,080 hours). For example, a $45,000 salary in Toledo is about $21.63/hour at full time.
Median household income in Toledo is around $45,000. Because the cost-of-living index is 88 (US average = 100) and average 1-bedroom rent is $850/month, what counts as comfortable depends heavily on housing costs.
The applicable minimum wage in Toledo is $11.00/hour, which is about $22,880/year at full time. Ohio sets a state minimum wage above the federal floor and adjusts it each January for inflation; the higher rate applies to employers with annual gross receipts above the state threshold (about $405,000), while smaller employers and minors follow the federal $7.25.
The MIT Living Wage Calculator estimates a single adult in Lucas County needs about $17.50/hour, roughly $36,400/year, to cover basic costs without assistance.
At full time, $45,000/year is about $21.63/hour, $3,750/month gross, and $1,731 per biweekly paycheck before taxes.