Cost of Living: New York, NY vs Toledo, OH (2026)

New York

New York
166
VS

Toledo

Ohio
52

New York is 219% more expensive than Toledo.

$1,779/mo ↑ 102%
Median Rent
$880/mo ↓ 51%
$79,713/yr ↑ 68%
Median Income
$47,532/yr ↓ 40%
$751,700 ↑ 603%
Home Value
$107,000 ↓ 86%
$1,837/mo ↑ 115%
Owner Costs
$856/mo ↓ 53%
8,516,202
Population
268,461

Tax Comparison

10.9%
Income Tax
3.5%
4.0%
State Sales Tax
5.75%
1.62%
Property Tax
1.53%

Affordability

26.8%
rent-to-income
Affordability
22.2%
rent-to-income

Detailed Comparison

When comparing New York, NY and Toledo, OH, the overall cost of living indices are 166 and 52 respectively (national median = 100). Rent is $899/month cheaper in Toledo, saving renters about $10,788/year.

Median household income is $32,181/year higher in New York. Home values also differ significantly — the median in New York is $751,700 compared to $107,000 in Toledo.

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

Frequently Asked Questions

New York vs Toledo — common questions

Is New York or Toledo cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 166 (US average = 100).
What is the rent difference between New York and Toledo?
Median rent in New York is $1,779/month and in Toledo it's $880/month — a difference of $899/month.
Which city has higher income, New York or Toledo?
Median household income is $79,713 in New York and $47,532 in Toledo. Median household income is $32,181/year higher in New York.
How do taxes compare between New York and Ohio?
New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax. Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax.
Should I move to New York or Toledo?
It depends on your priorities. New York has a cost index of 166 with median rent of $1,779/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 New York details → View Toledo details →

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