Toledo, IA
Population 2,079 · Iowa
About Toledo, IA
Toledo is a small town located in Iowa with a population of 2,079 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,719 per year, which is 25% below the national median of $75,149. The median age of 41.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Toledo features a median home value of $124,000, which is 49% below the national median of $244,900. This makes Toledo one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $958, 18% below the national average of $1,163/month. Of the 1,003 total housing units, 71% are owner-occupied (598 units) and 29% are renter-occupied (250 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Toledo shows an unemployment rate of 6.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 23.6%, above the national average of 12.4%. Workers in Toledo have an average one-way commute time of 20.8 minutes.
Education & Demographics
16.7% of Toledo residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 6.2% White, 8.7% Hispanic or Latino, 1.3% Black or African American, and 0.8% Asian residents, with 2.1% of the population being foreign-born.
Cost of Living in Toledo, IA
Compared to national averages, Toledo has a median household income of $56,719 (25% below the national median of $75,149). Home values average $124,000, which is 49% below the national median. Monthly rent at $958 is 18% below the US average of $1,163. Within Iowa, Toledo's income is 17% below the state average of $67,947, and home values are 6% below the state median of $132,237.
Why Live in Toledo, IA?
Toledo offers affordable housing with a median home value of $124,000, below the US average of $244,900, and rent that’s lower than the national average at $958/month, and short commute times averaging just 20.8 minutes.
Potential considerations include median household income ($56,719) that falls below the national average. However, Toledo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Toledo has a population of 2,079 with a median age of 41.2 years. Compare Toledo with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Toledo
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Monroe | 2,074 | $81,488 | $173,500 | Compare |
| Audubon | 2,069 | $41,389 | $92,800 | Compare |
| Colfax | 2,089 | $82,878 | $160,500 | Compare |
| Dallas Center | 2,058 | $88,750 | $231,100 | Compare |
| Lake Mills | 2,054 | $70,333 | $127,100 | Compare |
| Lamoni | 2,121 | $52,300 | $107,900 | Compare |
| Ely | 2,033 | $102,262 | $275,800 | Compare |
| Columbus Junction | 2,129 | $76,518 | $114,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Toledo With Other Cities
Frequently Asked Questions about Toledo
What is the population of Toledo, IA?
The population of Toledo, IA is 2,079 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Iowa.
What is the median household income in Toledo?
The median household income in Toledo, IA is $56,719 per year, which is 25% below the national median of $75,149.
What is the median home value in Toledo?
The median home value in Toledo, IA is $124,000, which is 49% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Toledo?
The median monthly rent in Toledo, IA is $958, which is 18% below the national average of $1,163/month.
What is the unemployment rate in Toledo?
The unemployment rate in Toledo, IA is 6.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Toledo, IA a good place to live?
Toledo offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,079 and a median age of 41.2, the city appeals to a broad range of residents.
How educated is Toledo, IA?
16.7% of residents in Toledo aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Toledo?
Key cost-of-living indicators for Toledo, IA: median home value is $124,000 (49% below national), median rent is $958/month, and median household income is $56,719. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Toledo?
The poverty rate in Toledo, IA is 23.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Toledo, IA?
Toledo's population is 6.2% White, 8.7% Hispanic or Latino, 1.3% Black or African American, 0.8% Asian, and 2.2% two or more races. 2.1% of residents are foreign-born.