Toledo, OH vs Akron, OH: 52 vs 55

$880/mo ↓ 5%

Median Rent

$930/mo ↑ 6%

$47,532/yr ↓ 2%

Median Income

$48,544/yr ↑ 2%

$107,000 ↓ 4%

Home Value

$111,200 ↑ 4%

$856/mo ↓ 5%

Owner Costs

$904/mo ↑ 6%

268,461

Population

189,526

Detailed Comparison

When comparing Toledo, OH and Akron, OH, the overall cost of living indices are 52 and 55 respectively (national median = 100). Rent is $50/month cheaper in Toledo, saving renters about $600/year.

Median household income is $1,012/year higher in Akron. Home values also differ significantly — the median in Toledo is $107,000 compared to $111,200 in Akron.

Both cities share the same state tax structure since they are in Ohio.

Frequently Asked Questions

Toledo vs Akron — common questions

Is Toledo or Akron cheaper to live in?

Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 55 (US average = 100).

What is the rent difference between Toledo and Akron?

Median rent in Toledo is $880/month and in Akron it's $930/month — a difference of $50/month.

Which city has higher income, Toledo or Akron?

Median household income is $47,532 in Toledo and $48,544 in Akron. Median household income is $1,012/year higher in Akron.

How do taxes compare between Ohio and Ohio?

Both cities are in Ohio and share the same state tax rates: 3.5% income tax, 5.75% sales tax, and 1.53% property tax.

Should I move to Toledo or Akron?

It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/mo, while Akron has a cost index of 55 with rent of $930/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Toledo, OH vs Akron, OH (2026)

Toledo

Akron

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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