Cost of Living: Toledo, OH vs Evansville, IN (2026)

Toledo

Ohio
52
VS

Evansville

Indiana
57

Toledo is 9% cheaper than Evansville.

$880/mo ↓ 7%
Median Rent
$949/mo ↑ 8%
$47,532/yr ↓ 9%
Median Income
$52,251/yr ↑ 10%
$107,000 ↓ 17%
Home Value
$129,100 ↑ 21%
$856/mo ↓ 7%
Owner Costs
$919/mo ↑ 7%
268,461
Population
116,441

Tax Comparison

3.5%
Income Tax
3.05%
5.75%
State Sales Tax
7.0%
1.53%
Property Tax
0.83%

Affordability

22.2%
rent-to-income
Affordability
21.8%
rent-to-income

Detailed Comparison

When comparing Toledo, OH and Evansville, IN, the overall cost of living indices are 52 and 57 respectively (national median = 100). Rent is $69/month cheaper in Toledo, saving renters about $828/year.

Median household income is $4,719/year higher in Evansville. Home values also differ significantly — the median in Toledo is $107,000 compared to $129,100 in Evansville.

Indiana has a lower income tax rate, making Evansville slightly more tax-friendly.

Frequently Asked Questions

Toledo vs Evansville — common questions

Is Toledo or Evansville cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 57 (US average = 100).
What is the rent difference between Toledo and Evansville?
Median rent in Toledo is $880/month and in Evansville it's $949/month — a difference of $69/month.
Which city has higher income, Toledo or Evansville?
Median household income is $47,532 in Toledo and $52,251 in Evansville. Median household income is $4,719/year higher in Evansville.
How do taxes compare between Ohio and Indiana?
Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax. Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax.
Should I move to Toledo or Evansville?
It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/mo, while Evansville has a cost index of 57 with rent of $949/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Toledo details → View Evansville details →

More Comparisons

Other cost of living comparisons for Toledo and Evansville

Toledo vs. Reno Toledo vs. Fort Wayne Toledo vs. North Las Vegas Toledo vs. Lubbock Toledo vs. Gilbert Toledo vs. St. Petersburg Evansville vs. The Woodlands Evansville vs. Brandon Evansville vs. Lakeland Evansville vs. West Jordan Evansville vs. Clearwater Evansville vs. Broken Arrow