Cost of Living: Toledo, OH vs Independence, MO (2026)

Toledo

Ohio
52
VS

Independence

Missouri
67

Toledo is 22% cheaper than Independence.

$880/mo ↓ 17%
Median Rent
$1,061/mo ↑ 21%
$47,532/yr ↓ 20%
Median Income
$59,480/yr ↑ 25%
$107,000 ↓ 36%
Home Value
$166,400 ↑ 56%
$856/mo ↓ 18%
Owner Costs
$1,046/mo ↑ 22%
268,461
Population
121,944

Tax Comparison

3.5%
Income Tax
4.95%
5.75%
State Sales Tax
4.225%
1.53%
Property Tax
0.93%

Affordability

22.2%
rent-to-income
Affordability
21.4%
rent-to-income

Detailed Comparison

When comparing Toledo, OH and Independence, MO, the overall cost of living indices are 52 and 67 respectively (national median = 100). Rent is $181/month cheaper in Toledo, saving renters about $2,172/year.

Median household income is $11,948/year higher in Independence. Home values also differ significantly — the median in Toledo is $107,000 compared to $166,400 in Independence.

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

Frequently Asked Questions

Toledo vs Independence — common questions

Is Toledo or Independence cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 67 (US average = 100).
What is the rent difference between Toledo and Independence?
Median rent in Toledo is $880/month and in Independence it's $1,061/month — a difference of $181/month.
Which city has higher income, Toledo or Independence?
Median household income is $47,532 in Toledo and $59,480 in Independence. Median household income is $11,948/year higher in Independence.
How do taxes compare between Ohio and Missouri?
Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax. Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax.
Should I move to Toledo or Independence?
It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/mo, while Independence has a cost index of 67 with rent of $1,061/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Toledo details → View Independence details →

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