Cost of Living: Minneapolis, MN vs Toledo, OH (2026)

Minneapolis

Minnesota
102
VS

Toledo

Ohio
52

Minneapolis is 96% more expensive than Toledo.

$1,329/mo ↑ 51%
Median Rent
$880/mo ↓ 34%
$80,269/yr ↑ 69%
Median Income
$47,532/yr ↓ 41%
$345,600 ↑ 223%
Home Value
$107,000 ↓ 69%
$1,513/mo ↑ 77%
Owner Costs
$856/mo ↓ 43%
426,845
Population
268,461

Tax Comparison

9.85%
Income Tax
3.5%
6.875%
State Sales Tax
5.75%
1.11%
Property Tax
1.53%

Affordability

19.9%
rent-to-income
Affordability
22.2%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Toledo, OH, the overall cost of living indices are 102 and 52 respectively (national median = 100). Rent is $449/month cheaper in Toledo, saving renters about $5,388/year.

Median household income is $32,737/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $107,000 in Toledo.

Ohio has a lower income tax rate, making Toledo slightly more tax-friendly.

Frequently Asked Questions

Minneapolis vs Toledo — common questions

Is Minneapolis or Toledo cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 102 (US average = 100).
What is the rent difference between Minneapolis and Toledo?
Median rent in Minneapolis is $1,329/month and in Toledo it's $880/month — a difference of $449/month.
Which city has higher income, Minneapolis or Toledo?
Median household income is $80,269 in Minneapolis and $47,532 in Toledo. Median household income is $32,737/year higher in Minneapolis.
How do taxes compare between Minnesota and Ohio?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax.
Should I move to Minneapolis or Toledo?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/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 Minneapolis details → View Toledo details →

More Comparisons

Other cost of living comparisons for Minneapolis and Toledo

Minneapolis vs. Oakland Minneapolis vs. Tulsa Minneapolis vs. Miami Minneapolis vs. Bakersfield Minneapolis vs. Virginia Beach Minneapolis vs. Wichita Toledo vs. Reno Toledo vs. Fort Wayne Toledo vs. North Las Vegas Toledo vs. Lubbock Toledo vs. Gilbert Toledo vs. St. Petersburg