Cleveland, OH vs Toledo, OH

Cleveland, OH and Toledo, OH have a very similar cost of living, with only a 0.3% difference in their overall index. Cleveland scores 67 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 Cleveland is $894/month compared to $880/month in Toledo — a 2% difference. Interestingly, home values tell a different story: while Toledo has cheaper rent, Cleveland actually has lower median home values ($94,100 vs $107,000).

Median household income in Cleveland is $39,187 compared to $47,532 in Toledo (-17.6%). Toledo offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cleveland spend roughly 27.4% of their income on rent, more than the 22.2% in Toledo.