Denmark, IA vs Toledo, IA

Denmark, IA and Toledo, IA have a very similar cost of living, with only a 4.4% difference in their overall index. Denmark scores 74 while Toledo scores 71 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 Denmark is $874/month compared to $958/month in Toledo — a 9% difference. Interestingly, home values tell a different story: while Denmark has cheaper rent, Toledo actually has lower median home values ($124,000 vs $193,200).

Median household income in Denmark is $105,714 compared to $56,719 in Toledo (+86.4%). While Denmark is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Denmark spend roughly 9.9% of their income on rent, less than the 20.3% in Toledo.