Cornell, IL vs Toledo, IL

Toledo is moderately more affordable than Cornell, with a 9.9% lower cost of living index. Cornell scores 67 compared to 61 for Toledo, where the US average is 100. This difference means residents of Cornell can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cornell is $871/month compared to $650/month in Toledo — a 34% difference. Interestingly, home values tell a different story: while Toledo has cheaper rent, Cornell actually has lower median home values ($83,800 vs $92,200).

Median household income in Cornell is $64,286 compared to $59,881 in Toledo (+7.4%). The higher salaries in Cornell partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Cornell spend roughly 16.3% of their income on rent, more than the 13% in Toledo.