Cost of Living: Newark, NJ vs Toledo, OH (2026)

Newark

New Jersey
100
VS

Toledo

Ohio
52

Newark is 92% more expensive than Toledo.

$1,330/mo ↑ 51%
Median Rent
$880/mo ↓ 34%
$48,416/yr ↑ 2%
Median Income
$47,532/yr ↓ 2%
$337,800 ↑ 216%
Home Value
$107,000 ↓ 68%
$1,419/mo ↑ 66%
Owner Costs
$856/mo ↓ 40%
307,188
Population
268,461

Tax Comparison

10.75%
Income Tax
3.5%
6.625%
State Sales Tax
5.75%
2.23%
Property Tax
1.53%

Affordability

33.0%
rent-to-income
Affordability
22.2%
rent-to-income

Detailed Comparison

When comparing Newark, NJ and Toledo, OH, the overall cost of living indices are 100 and 52 respectively (national median = 100). Rent is $450/month cheaper in Toledo, saving renters about $5,400/year.

Median household income is $884/year higher in Newark. Home values also differ significantly — the median in Newark is $337,800 compared to $107,000 in Toledo.

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

Frequently Asked Questions

Newark vs Toledo — common questions

Is Newark or Toledo cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 100 (US average = 100).
What is the rent difference between Newark and Toledo?
Median rent in Newark is $1,330/month and in Toledo it's $880/month — a difference of $450/month.
Which city has higher income, Newark or Toledo?
Median household income is $48,416 in Newark and $47,532 in Toledo. Median household income is $884/year higher in Newark.
How do taxes compare between New Jersey and Ohio?
New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax. Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax.
Should I move to Newark or Toledo?
It depends on your priorities. Newark has a cost index of 100 with median rent of $1,330/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 Newark details → View Toledo details →

More Comparisons

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