Cost of Living: Toledo, OH vs Lakewood, CO (2026)

Toledo

Ohio
52
VS

Lakewood

Colorado
141

Toledo is 63% cheaper than Lakewood.

$880/mo ↓ 50%
Median Rent
$1,746/mo ↑ 98%
$47,532/yr ↓ 45%
Median Income
$85,789/yr ↑ 80%
$107,000 ↓ 80%
Home Value
$548,200 ↑ 412%
$856/mo ↓ 50%
Owner Costs
$1,729/mo ↑ 102%
268,461
Population
156,309

Tax Comparison

3.5%
Income Tax
4.4%
5.75%
State Sales Tax
2.9%
1.53%
Property Tax
0.51%

Affordability

22.2%
rent-to-income
Affordability
24.4%
rent-to-income

Detailed Comparison

When comparing Toledo, OH and Lakewood, CO, the overall cost of living indices are 52 and 141 respectively (national median = 100). Rent is $866/month cheaper in Toledo, saving renters about $10,392/year.

Median household income is $38,257/year higher in Lakewood. Home values also differ significantly — the median in Toledo is $107,000 compared to $548,200 in Lakewood.

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

Frequently Asked Questions

Toledo vs Lakewood — common questions

Is Toledo or Lakewood cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 141 (US average = 100).
What is the rent difference between Toledo and Lakewood?
Median rent in Toledo is $880/month and in Lakewood it's $1,746/month — a difference of $866/month.
Which city has higher income, Toledo or Lakewood?
Median household income is $47,532 in Toledo and $85,789 in Lakewood. Median household income is $38,257/year higher in Lakewood.
How do taxes compare between Ohio and Colorado?
Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to Toledo or Lakewood?
It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/mo, while Lakewood has a cost index of 141 with rent of $1,746/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Toledo details → View Lakewood details →

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