Oelwein, IA vs Toledo, IA

Oelwein is moderately more affordable than Toledo, with a 11.5% lower cost of living index. Oelwein scores 63 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 Oelwein is $762/month compared to $958/month in Toledo — a 21% difference. Home values follow the same pattern: Oelwein is more affordable at $96,800 median vs $124,000.

Median household income in Oelwein is $49,821 compared to $56,719 in Toledo (-12.2%). 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 Oelwein spend roughly 18.4% of their income on rent, less than the 20.3% in Toledo.

Climate-wise, both cities share similar average temperatures (49°F vs 47.7°F). Oelwein receives more rainfall at 36.3" per year compared to 32.8" in Toledo.