Cost of Living: Nashville, TN vs Toledo, OH (2026)

Nashville

Tennessee
110
VS

Toledo

Ohio
52

Nashville is 112% more expensive than Toledo.

$1,486/mo ↑ 69%
Median Rent
$880/mo ↓ 41%
$75,197/yr ↑ 58%
Median Income
$47,532/yr ↓ 37%
$383,100 ↑ 258%
Home Value
$107,000 ↓ 72%
$1,471/mo ↑ 72%
Owner Costs
$856/mo ↓ 42%
684,298
Population
268,461

Tax Comparison

0%
Income Tax
3.5%
7.0%
State Sales Tax
5.75%
0.64%
Property Tax
1.53%

Affordability

23.7%
rent-to-income
Affordability
22.2%
rent-to-income

Detailed Comparison

When comparing Nashville, TN and Toledo, OH, the overall cost of living indices are 110 and 52 respectively (national median = 100). Rent is $606/month cheaper in Toledo, saving renters about $7,272/year.

Median household income is $27,665/year higher in Nashville. Home values also differ significantly — the median in Nashville is $383,100 compared to $107,000 in Toledo.

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

Frequently Asked Questions

Nashville vs Toledo — common questions

Is Nashville or Toledo cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 110 (US average = 100).
What is the rent difference between Nashville and Toledo?
Median rent in Nashville is $1,486/month and in Toledo it's $880/month — a difference of $606/month.
Which city has higher income, Nashville or Toledo?
Median household income is $75,197 in Nashville and $47,532 in Toledo. Median household income is $27,665/year higher in Nashville.
How do taxes compare between Tennessee and Ohio?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax.
Should I move to Nashville or Toledo?
It depends on your priorities. Nashville has a cost index of 110 with median rent of $1,486/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 Nashville details → View Toledo details →

More Comparisons

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