Milo, IA vs Toledo, IA

Milo, IA and Toledo, IA have a very similar cost of living, with only a 0.8% difference in their overall index. Milo scores 70 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 Milo is $860/month compared to $958/month in Toledo — a 10% difference. Interestingly, home values tell a different story: while Milo has cheaper rent, Toledo actually has lower median home values ($124,000 vs $145,400).

Median household income in Milo is $76,250 compared to $56,719 in Toledo (+34.4%). Milo offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Milo spend roughly 13.5% of their income on rent, less than the 20.3% in Toledo.

Climate-wise, both cities share similar average temperatures (49.5°F vs 47.7°F). Milo receives more rainfall at 36.6" per year compared to 32.8" in Toledo.