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

Toledo

Ohio
52
VS

Elizabeth

New Jersey
112

Toledo is 54% cheaper than Elizabeth.

$880/mo ↓ 40%
Median Rent
$1,463/mo ↑ 66%
$47,532/yr ↓ 26%
Median Income
$63,874/yr ↑ 34%
$107,000 ↓ 73%
Home Value
$393,500 ↑ 268%
$856/mo ↓ 45%
Owner Costs
$1,543/mo ↑ 80%
268,461
Population
135,887

Tax Comparison

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

Affordability

22.2%
rent-to-income
Affordability
27.5%
rent-to-income

Detailed Comparison

When comparing Toledo, OH and Elizabeth, NJ, the overall cost of living indices are 52 and 112 respectively (national median = 100). Rent is $583/month cheaper in Toledo, saving renters about $6,996/year.

Median household income is $16,342/year higher in Elizabeth. Home values also differ significantly — the median in Toledo is $107,000 compared to $393,500 in Elizabeth.

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

Frequently Asked Questions

Toledo vs Elizabeth — common questions

Is Toledo or Elizabeth cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 112 (US average = 100).
What is the rent difference between Toledo and Elizabeth?
Median rent in Toledo is $880/month and in Elizabeth it's $1,463/month — a difference of $583/month.
Which city has higher income, Toledo or Elizabeth?
Median household income is $47,532 in Toledo and $63,874 in Elizabeth. Median household income is $16,342/year higher in Elizabeth.
How do taxes compare between Ohio and New Jersey?
Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax. New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax.
Should I move to Toledo or Elizabeth?
It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/mo, while Elizabeth has a cost index of 112 with rent of $1,463/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Toledo details → View Elizabeth details →

More Comparisons

Other cost of living comparisons for Toledo and Elizabeth

Toledo vs. Reno Toledo vs. Fort Wayne Toledo vs. North Las Vegas Toledo vs. Lubbock Toledo vs. Gilbert Toledo vs. St. Petersburg Elizabeth vs. Victorville Elizabeth vs. Stamford Elizabeth vs. Miramar Elizabeth vs. Kent Elizabeth vs. Pasadena Elizabeth vs. Midland