Cost of Living: Miami, FL vs Toledo, OH (2026)

Miami

Florida
129
VS

Toledo

Ohio
52

Miami is 148% more expensive than Toledo.

$1,657/mo ↑ 88%
Median Rent
$880/mo ↓ 47%
$59,390/yr ↑ 25%
Median Income
$47,532/yr ↓ 20%
$475,200 ↑ 344%
Home Value
$107,000 ↓ 77%
$1,666/mo ↑ 95%
Owner Costs
$856/mo ↓ 49%
446,663
Population
268,461

Tax Comparison

0%
Income Tax
3.5%
6.0%
State Sales Tax
5.75%
0.86%
Property Tax
1.53%

Affordability

33.5%
rent-to-income
Affordability
22.2%
rent-to-income

Detailed Comparison

When comparing Miami, FL and Toledo, OH, the overall cost of living indices are 129 and 52 respectively (national median = 100). Rent is $777/month cheaper in Toledo, saving renters about $9,324/year.

Median household income is $11,858/year higher in Miami. Home values also differ significantly — the median in Miami is $475,200 compared to $107,000 in Toledo.

Florida has no state income tax, giving Miami residents a significant tax advantage over Ohio's 3.5% rate.

Frequently Asked Questions

Miami vs Toledo — common questions

Is Miami or Toledo cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 129 (US average = 100).
What is the rent difference between Miami and Toledo?
Median rent in Miami is $1,657/month and in Toledo it's $880/month — a difference of $777/month.
Which city has higher income, Miami or Toledo?
Median household income is $59,390 in Miami and $47,532 in Toledo. Median household income is $11,858/year higher in Miami.
How do taxes compare between Florida and Ohio?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax.
Should I move to Miami or Toledo?
It depends on your priorities. Miami has a cost index of 129 with median rent of $1,657/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 Miami details → View Toledo details →

More Comparisons

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