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

Toledo

Ohio
52
VS

Palm Bay

Florida
91

Toledo is 43% cheaper than Palm Bay.

$880/mo ↓ 41%
Median Rent
$1,487/mo ↑ 69%
$47,532/yr ↓ 30%
Median Income
$67,521/yr ↑ 42%
$107,000 ↓ 57%
Home Value
$248,000 ↑ 132%
$856/mo ↓ 29%
Owner Costs
$1,203/mo ↑ 41%
268,461
Population
125,273

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
26.4%
rent-to-income

Detailed Comparison

When comparing Toledo, OH and Palm Bay, FL, the overall cost of living indices are 52 and 91 respectively (national median = 100). Rent is $607/month cheaper in Toledo, saving renters about $7,284/year.

Median household income is $19,989/year higher in Palm Bay. Home values also differ significantly — the median in Toledo is $107,000 compared to $248,000 in Palm Bay.

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

Frequently Asked Questions

Toledo vs Palm Bay — common questions

Is Toledo or Palm Bay cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 91 (US average = 100).
What is the rent difference between Toledo and Palm Bay?
Median rent in Toledo is $880/month and in Palm Bay it's $1,487/month — a difference of $607/month.
Which city has higher income, Toledo or Palm Bay?
Median household income is $47,532 in Toledo and $67,521 in Palm Bay. Median household income is $19,989/year higher in Palm Bay.
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 Palm Bay?
It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/mo, while Palm Bay has a cost index of 91 with rent of $1,487/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Toledo details → View Palm Bay details →

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