Loraine, IL vs Toledo, IL

Loraine, IL and Toledo, IL have a very similar cost of living, with only a 1.6% difference in their overall index. Loraine scores 60 while Toledo scores 61 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 Loraine is $629/month compared to $650/month in Toledo — a 3% difference. Home values follow the same pattern: Loraine is more affordable at $88,100 median vs $92,200.

Median household income in Loraine is $56,855 compared to $59,881 in Toledo (-5.1%). While Toledo is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Loraine spend roughly 13.3% of their income on rent, more than the 13% in Toledo.

Climate-wise, both cities share similar average temperatures (53°F vs 53.4°F). Loraine receives more rainfall at 36.4" per year compared to 36" in Toledo.