Colo, IA vs Toledo, IA

Toledo is moderately more affordable than Colo, with a 13.3% lower cost of living index. Colo scores 80 compared to 71 for Toledo, where the US average is 100. This difference means residents of Colo can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Colo is $1,200/month compared to $958/month in Toledo — a 25% difference. Home values follow the same pattern: Toledo is more affordable at $124,000 median vs $147,400.

Median household income in Colo is $73,125 compared to $56,719 in Toledo (+28.9%). While Colo is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Colo spend roughly 19.7% of their income on rent, less than the 20.3% in Toledo.