Toledo, IA vs University Park, IA
There is a significant gap in the cost of living between these two cities. University Park is 15.3% cheaper than Toledo. With a cost index of 62 vs 71, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from University Park to Toledo should plan for substantially higher expenses across most categories.
On the housing front, median rent in Toledo is $958/month compared to $731/month in University Park — a 31% difference. Home values follow the same pattern: University Park is more affordable at $92,700 median vs $124,000.
Median household income in Toledo is $56,719 compared to $65,815 in University Park (-13.8%). University Park offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Toledo spend roughly 20.3% of their income on rent, more than the 13.3% in University Park.
Climate-wise, University Park is notably warmer with an average of 50.7°F compared to 47.7°F in Toledo. University Park receives more rainfall at 37" per year compared to 32.8" in Toledo.
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Climate
NOAA 30-year normals (1991-2020)