Correctionville, IA vs Toledo, IA

Correctionville is moderately more affordable than Toledo, with a 13.9% lower cost of living index. Correctionville scores 61 compared to 71 for Toledo, where the US average is 100. This difference means residents of Toledo can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Correctionville is $775/month compared to $958/month in Toledo — a 19% difference. Home values follow the same pattern: Correctionville is more affordable at $83,000 median vs $124,000.

Median household income in Correctionville is $51,125 compared to $56,719 in Toledo (-9.9%). The higher salaries in Toledo partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Correctionville spend roughly 18.2% of their income on rent, less than the 20.3% in Toledo.