Cost of Living: Toledo, OH vs Cape Coral, FL (2026)

Toledo

Ohio
52
VS

Cape Coral

Florida
114

Toledo is 54% cheaper than Cape Coral.

$880/mo ↓ 50%
Median Rent
$1,751/mo ↑ 99%
$47,532/yr ↓ 38%
Median Income
$76,062/yr ↑ 60%
$107,000 ↓ 68%
Home Value
$339,200 ↑ 217%
$856/mo ↓ 44%
Owner Costs
$1,523/mo ↑ 78%
268,461
Population
206,387

Tax Comparison

3.5%
Income Tax
0%
5.75%
State Sales Tax
6.0%
1.53%
Property Tax
0.86%

Affordability

22.2%
rent-to-income
Affordability
27.6%
rent-to-income

Detailed Comparison

When comparing Toledo, OH and Cape Coral, FL, the overall cost of living indices are 52 and 114 respectively (national median = 100). Rent is $871/month cheaper in Toledo, saving renters about $10,452/year.

Median household income is $28,530/year higher in Cape Coral. Home values also differ significantly — the median in Toledo is $107,000 compared to $339,200 in Cape Coral.

Florida has no state income tax, giving Cape Coral residents a significant tax advantage over Ohio's 3.5% rate.

Frequently Asked Questions

Toledo vs Cape Coral — common questions

Is Toledo or Cape Coral cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 114 (US average = 100).
What is the rent difference between Toledo and Cape Coral?
Median rent in Toledo is $880/month and in Cape Coral it's $1,751/month — a difference of $871/month.
Which city has higher income, Toledo or Cape Coral?
Median household income is $47,532 in Toledo and $76,062 in Cape Coral. Median household income is $28,530/year higher in Cape Coral.
How do taxes compare between Ohio and Florida?
Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Toledo or Cape Coral?
It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/mo, while Cape Coral has a cost index of 114 with rent of $1,751/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Toledo details → View Cape Coral details →

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