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Red Oak, IA vs Toledo, IA

63
Red Oak
Iowa
VS
-11.1%
71
Toledo
Iowa

Red Oak is moderately more affordable than Toledo, with a 11.1% lower cost of living index. Red Oak 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 Red Oak is $768/month compared to $958/month in Toledo — a 20% difference. Home values follow the same pattern: Red Oak is more affordable at $91,600 median vs $124,000.

Median household income in Red Oak is $52,996 compared to $56,719 in Toledo (-6.6%). The higher salaries in Toledo partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Red Oak spend roughly 17.4% of their income on rent, less than the 20.3% in Toledo.

Climate-wise, Red Oak is notably warmer with an average of 52.4°F compared to 47.7°F in Toledo. Toledo receives more rainfall at 32.8" per year compared to 31.9" in Red Oak.

Income & Cost

Cost of Living Index
Red Oak
63
11% cheaper
Toledo
71
Median Household Income
Red Oak
$52,996
Toledo
$56,719
7% higher

Housing

Median Rent
Red Oak
$768
20% cheaper
Toledo
$958
Median Home Value
Red Oak
$91,600
26% cheaper
Toledo
$124,000
Population
Red Oak
5,542
Toledo
2,079

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Red Oak $2.96
Toledo
US $3.07
🥚
Eggs (grade A, large)
Red Oak $2.41
Toledo
US $2.50
🥛
Milk (whole)
Red Oak $3.89
Toledo
US $4.03
🍞
Bread (white)
Red Oak $1.79
Toledo
US $1.85
🍗
Chicken breast
Red Oak $4.00
Toledo
US $4.14
Electricity
Red Oak $0.15
Toledo
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Red Oak 52.4°F
Toledo 47.7°F
Summer High
Red Oak 88°F
Toledo 83°F
Winter Low
Red Oak 15°F
Toledo 10°F
Rainfall
Red Oak 31.9"
Toledo 32.8"
Rainy Days
Red Oak 103d
Toledo 110d