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

Toledo

Ohio
52
VS

Lakeland

Florida
82

Toledo is 37% cheaper than Lakeland.

$880/mo ↓ 32%
Median Rent
$1,299/mo ↑ 48%
$47,532/yr ↓ 22%
Median Income
$60,947/yr ↑ 28%
$107,000 ↓ 53%
Home Value
$229,100 ↑ 114%
$856/mo ↓ 26%
Owner Costs
$1,149/mo ↑ 34%
268,461
Population
117,030

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
25.6%
rent-to-income

Detailed Comparison

When comparing Toledo, OH and Lakeland, FL, the overall cost of living indices are 52 and 82 respectively (national median = 100). Rent is $419/month cheaper in Toledo, saving renters about $5,028/year.

Median household income is $13,415/year higher in Lakeland. Home values also differ significantly — the median in Toledo is $107,000 compared to $229,100 in Lakeland.

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

Frequently Asked Questions

Toledo vs Lakeland — common questions

Is Toledo or Lakeland cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 82 (US average = 100).
What is the rent difference between Toledo and Lakeland?
Median rent in Toledo is $880/month and in Lakeland it's $1,299/month — a difference of $419/month.
Which city has higher income, Toledo or Lakeland?
Median household income is $47,532 in Toledo and $60,947 in Lakeland. Median household income is $13,415/year higher in Lakeland.
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 Lakeland?
It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/mo, while Lakeland has a cost index of 82 with rent of $1,299/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Toledo details → View Lakeland details →

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