Akron, OH vs Toledo, OH

Akron, OH and Toledo, OH have a very similar cost of living, with only a 4% difference in their overall index. Akron scores 70 while Toledo scores 67 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Akron is $930/month compared to $880/month in Toledo — a 6% difference. Home values follow the same pattern: Toledo is more affordable at $107,000 median vs $111,200.

Median household income in Akron is $48,544 compared to $47,532 in Toledo (+2.1%). The higher salaries in Akron partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Akron spend roughly 23% of their income on rent, more than the 22.2% in Toledo.