Toivola is an unincorporated community in Houghton County, Michigan, United States. The far-flung rural community is divided between Stanton Township, Adams Township, and Bohemia Township. It is found along M-26, 8 miles southwest of South Range, 16 miles from Houghton, and 35 miles from Ontonagon. Toivola has a post office with ZIP code 49965. The community's historic industries include mainly agrarian uses and lumbering.