Discretionary Income in Toledo, OH in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Toledo, OH is ranked 16th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Toledo, OH
Gross Salary
$8,333
Taxes
$1,380
Cost of Living
$3,099
Discretionary Income
$3,854
With a gross annual salary of $100,000 in Toledo, OH, you would need to deduct approximately $1,380 per month for taxes. Given that the average cost of living in Toledo is $3,099, you would have around $3,854 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Toledo, OH, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Toledo, OH in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Toledo, OH |
|---|---|
| $30,000 | -$752 |
| $40,000 | -$44 |
| $50,000 | $664 |
| $60,000 | $1,361 |
| $70,000 | $1,986 |
| $80,000 | $2,611 |
| $90,000 | $3,236 |
| $100,000 | $3,854 |
| $110,000 | $4,470 |
| $120,000 | $5,070 |
| $130,000 | $5,670 |
| $140,000 | $6,270 |
| $150,000 | $6,870 |
| $175,000 | $8,370 |
| $200,000 | $9,843 |
| $250,000 | $12,497 |
| $300,000 | $15,039 |
| $350,000 | $17,580 |
| $400,000 | $20,122 |
| $450,000 | $22,664 |
| $500,000 | $25,205 |
Discretionary Income in Toledo, OH in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Toledo, OH is ranked 17th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Toledo, OH
Gross Salary
$8,333
Taxes
$1,380
Cost of Living
$2,042
Discretionary Income
$4,912
With a gross annual salary of $100,000 in Toledo, OH, a single person would need to deduct approximately $1,380 per month for taxes. Considering the average cost of living in Toledo is $2,042, singles would have around $4,912 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Toledo, OH, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Toledo, OH in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Toledo, OH |
|---|---|
| $30,000 | $305 |
| $40,000 | $1,014 |
| $50,000 | $1,722 |
| $60,000 | $2,419 |
| $70,000 | $3,044 |
| $80,000 | $3,669 |
| $90,000 | $4,294 |
| $100,000 | $4,912 |
| $110,000 | $5,527 |
| $120,000 | $6,127 |
| $130,000 | $6,727 |
| $140,000 | $7,327 |
| $150,000 | $7,927 |
| $175,000 | $9,427 |
| $200,000 | $10,900 |
| $250,000 | $13,555 |
| $300,000 | $16,096 |
| $350,000 | $18,638 |
| $400,000 | $21,180 |
| $450,000 | $23,721 |
| $500,000 | $26,263 |
Discretionary Income in Toledo, OH in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Toledo, OH is ranked 11th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Toledo, OH
Gross Salary
$8,333
Taxes
$1,380
Cost of Living
$3,024
Discretionary Income
$3,930
With a gross annual salary of $100,000 in Toledo, OH, a couple would need to deduct approximately $1,380 per month for taxes. Considering the average cost of living in Toledo is $3,024, couples would have around $3,930 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Toledo, OH, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Toledo, OH in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Toledo, OH |
|---|---|
| $30,000 | -$677 |
| $40,000 | $32 |
| $50,000 | $740 |
| $60,000 | $1,436 |
| $70,000 | $2,061 |
| $80,000 | $2,686 |
| $90,000 | $3,311 |
| $100,000 | $3,930 |
| $110,000 | $4,545 |
| $120,000 | $5,145 |
| $130,000 | $5,745 |
| $140,000 | $6,345 |
| $150,000 | $6,945 |
| $175,000 | $8,445 |
| $200,000 | $9,918 |
| $250,000 | $12,573 |
| $300,000 | $15,114 |
| $350,000 | $17,656 |
| $400,000 | $20,132 |
| $450,000 | $22,591 |
| $500,000 | $25,049 |
Discretionary Income in Toledo, OH in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Toledo, OH is ranked 16th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Toledo, OH
Gross Salary
$8,333
Taxes
$1,119
Cost of Living
$3,009
Discretionary Income
$4,206
With a gross annual salary of $100,000 in Toledo, OH, a single parent would need to deduct approximately $1,119 per month for taxes. Considering the average cost of living in Toledo is $3,009, single parents would have around $4,206 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Toledo, OH, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Toledo, OH in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Toledo, OH |
|---|---|
| $30,000 | -$596 |
| $40,000 | $123 |
| $50,000 | $832 |
| $60,000 | $1,540 |
| $70,000 | $2,248 |
| $80,000 | $2,957 |
| $90,000 | $3,587 |
| $100,000 | $4,206 |
| $110,000 | $4,822 |
| $120,000 | $5,432 |
| $130,000 | $6,032 |
| $140,000 | $6,632 |
| $150,000 | $7,232 |
| $175,000 | $8,732 |
| $200,000 | $10,232 |
| $250,000 | $12,918 |
| $300,000 | $15,465 |
| $350,000 | $18,007 |
| $400,000 | $20,549 |
| $450,000 | $23,090 |
| $500,000 | $25,632 |
Discretionary Income in Toledo, OH in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Toledo, OH is ranked 16th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Toledo, OH
Gross Salary
$8,333
Taxes
$878
Cost of Living
$4,323
Discretionary Income
$3,133
With a gross annual salary of $100,000 in Toledo, OH, a family would need to deduct approximately $878 per month for taxes. Considering the average cost of living in Toledo is $4,323, families would have around $3,133 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Toledo, OH, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Toledo, OH in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Toledo, OH |
|---|---|
| $30,000 | -$1,852 |
| $40,000 | -$1,127 |
| $50,000 | -$402 |
| $60,000 | $306 |
| $70,000 | $1,014 |
| $80,000 | $1,723 |
| $90,000 | $2,431 |
| $100,000 | $3,133 |
| $110,000 | $3,833 |
| $120,000 | $4,509 |
| $130,000 | $5,126 |
| $140,000 | $5,742 |
| $150,000 | $6,359 |
| $175,000 | $7,901 |
| $200,000 | $9,442 |
| $250,000 | $12,473 |
| $300,000 | $15,473 |
| $350,000 | $18,473 |
| $400,000 | $21,419 |
| $450,000 | $24,086 |
| $500,000 | $26,728 |
The assessments presented on this website, including those related to crime, safety, cost of living, and other location characteristics (e.g., states, cities, towns, villages, neighborhoods, areas, landmarks), are based on various sources and our internal research methods. These assessments are not guaranteed to be accurate or complete and should not be used as the sole basis for making any decisions.