Cost of Living: Indianapolis, IN vs Toledo, OH (2026)

Indianapolis

Indiana
74
VS

Toledo

Ohio
52

Indianapolis is 42% more expensive than Toledo.

$1,112/mo ↑ 26%
Median Rent
$880/mo ↓ 21%
$62,995/yr ↑ 33%
Median Income
$47,532/yr ↓ 25%
$207,000 ↑ 93%
Home Value
$107,000 ↓ 48%
$1,124/mo ↑ 31%
Owner Costs
$856/mo ↓ 24%
882,043
Population
268,461

Tax Comparison

3.05%
Income Tax
3.5%
7.0%
State Sales Tax
5.75%
0.83%
Property Tax
1.53%

Affordability

21.2%
rent-to-income
Affordability
22.2%
rent-to-income

Detailed Comparison

When comparing Indianapolis, IN and Toledo, OH, the overall cost of living indices are 74 and 52 respectively (national median = 100). Rent is $232/month cheaper in Toledo, saving renters about $2,784/year.

Median household income is $15,463/year higher in Indianapolis. Home values also differ significantly — the median in Indianapolis is $207,000 compared to $107,000 in Toledo.

Indiana has a lower income tax rate, making Indianapolis slightly more tax-friendly.

Frequently Asked Questions

Indianapolis vs Toledo — common questions

Is Indianapolis or Toledo cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 74 (US average = 100).
What is the rent difference between Indianapolis and Toledo?
Median rent in Indianapolis is $1,112/month and in Toledo it's $880/month — a difference of $232/month.
Which city has higher income, Indianapolis or Toledo?
Median household income is $62,995 in Indianapolis and $47,532 in Toledo. Median household income is $15,463/year higher in Indianapolis.
How do taxes compare between Indiana and Ohio?
Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax. Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax.
Should I move to Indianapolis or Toledo?
It depends on your priorities. Indianapolis has a cost index of 74 with median rent of $1,112/mo, while Toledo has a cost index of 52 with rent of $880/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Indianapolis details → View Toledo details →

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