Cost of Living: Toledo, OH vs Paterson, NJ (2026)

Toledo

Ohio
52
VS

Paterson

New Jersey
106

Toledo is 51% cheaper than Paterson.

$880/mo ↓ 40%
Median Rent
$1,457/mo ↑ 66%
$47,532/yr ↓ 12%
Median Income
$53,766/yr ↑ 13%
$107,000 ↓ 68%
Home Value
$335,400 ↑ 213%
$856/mo ↓ 45%
Owner Costs
$1,553/mo ↑ 81%
268,461
Population
157,660

Tax Comparison

3.5%
Income Tax
10.75%
5.75%
State Sales Tax
6.625%
1.53%
Property Tax
2.23%

Affordability

22.2%
rent-to-income
Affordability
32.5%
rent-to-income

Detailed Comparison

When comparing Toledo, OH and Paterson, NJ, the overall cost of living indices are 52 and 106 respectively (national median = 100). Rent is $577/month cheaper in Toledo, saving renters about $6,924/year.

Median household income is $6,234/year higher in Paterson. Home values also differ significantly — the median in Toledo is $107,000 compared to $335,400 in Paterson.

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

Frequently Asked Questions

Toledo vs Paterson — common questions

Is Toledo or Paterson cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 106 (US average = 100).
What is the rent difference between Toledo and Paterson?
Median rent in Toledo is $880/month and in Paterson it's $1,457/month — a difference of $577/month.
Which city has higher income, Toledo or Paterson?
Median household income is $47,532 in Toledo and $53,766 in Paterson. Median household income is $6,234/year higher in Paterson.
How do taxes compare between Ohio and New Jersey?
Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax. New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax.
Should I move to Toledo or Paterson?
It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/mo, while Paterson has a cost index of 106 with rent of $1,457/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Toledo details → View Paterson details →

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