Cost of Living: Toledo, OH vs Billings, MT (2026)

Toledo

Ohio
52
VS

Billings

Montana
86

Toledo is 40% cheaper than Billings.

$880/mo ↓ 20%
Median Rent
$1,097/mo ↑ 25%
$47,532/yr ↓ 34%
Median Income
$71,855/yr ↑ 51%
$107,000 ↓ 66%
Home Value
$311,800 ↑ 191%
$856/mo ↓ 27%
Owner Costs
$1,177/mo ↑ 38%
268,461
Population
118,321

Tax Comparison

3.5%
Income Tax
6.75%
5.75%
State Sales Tax
0%
1.53%
Property Tax
0.74%

Affordability

22.2%
rent-to-income
Affordability
18.3%
rent-to-income

Detailed Comparison

When comparing Toledo, OH and Billings, MT, the overall cost of living indices are 52 and 86 respectively (national median = 100). Rent is $217/month cheaper in Toledo, saving renters about $2,604/year.

Median household income is $24,323/year higher in Billings. Home values also differ significantly — the median in Toledo is $107,000 compared to $311,800 in Billings.

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

Frequently Asked Questions

Toledo vs Billings — common questions

Is Toledo or Billings cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 86 (US average = 100).
What is the rent difference between Toledo and Billings?
Median rent in Toledo is $880/month and in Billings it's $1,097/month — a difference of $217/month.
Which city has higher income, Toledo or Billings?
Median household income is $47,532 in Toledo and $71,855 in Billings. Median household income is $24,323/year higher in Billings.
How do taxes compare between Ohio and Montana?
Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax. Montana has 6.75% income tax, 0% sales tax, and 0.74% property tax.
Should I move to Toledo or Billings?
It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/mo, while Billings has a cost index of 86 with rent of $1,097/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Toledo details → View Billings details →

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