Gilbertville, IA vs Toledo, IA

Gilbertville, IA and Toledo, IA have a very similar cost of living, with only a 0.2% difference in their overall index. Gilbertville scores 71 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 Gilbertville is $815/month compared to $958/month in Toledo — a 15% difference. Interestingly, home values tell a different story: while Gilbertville has cheaper rent, Toledo actually has lower median home values ($124,000 vs $187,500).

Median household income in Gilbertville is $83,750 compared to $56,719 in Toledo (+47.7%). Gilbertville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Gilbertville spend roughly 11.7% of their income on rent, less than the 20.3% in Toledo.