Cost of Living: Toledo, OH vs Providence, RI (2026)

Toledo

Ohio
52
VS

Providence

Rhode Island
99

Toledo is 47% cheaper than Providence.

$880/mo ↓ 34%
Median Rent
$1,333/mo ↑ 51%
$47,532/yr ↓ 29%
Median Income
$66,772/yr ↑ 40%
$107,000 ↓ 67%
Home Value
$322,800 ↑ 202%
$856/mo ↓ 42%
Owner Costs
$1,467/mo ↑ 71%
268,461
Population
190,214

Tax Comparison

3.5%
Income Tax
5.99%
5.75%
State Sales Tax
7.0%
1.53%
Property Tax
1.53%

Affordability

22.2%
rent-to-income
Affordability
24.0%
rent-to-income

Detailed Comparison

When comparing Toledo, OH and Providence, RI, the overall cost of living indices are 52 and 99 respectively (national median = 100). Rent is $453/month cheaper in Toledo, saving renters about $5,436/year.

Median household income is $19,240/year higher in Providence. Home values also differ significantly — the median in Toledo is $107,000 compared to $322,800 in Providence.

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

Frequently Asked Questions

Toledo vs Providence — common questions

Is Toledo or Providence cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 99 (US average = 100).
What is the rent difference between Toledo and Providence?
Median rent in Toledo is $880/month and in Providence it's $1,333/month — a difference of $453/month.
Which city has higher income, Toledo or Providence?
Median household income is $47,532 in Toledo and $66,772 in Providence. Median household income is $19,240/year higher in Providence.
How do taxes compare between Ohio and Rhode Island?
Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax. Rhode Island has 5.99% income tax, 7.0% sales tax, and 1.53% property tax.
Should I move to Toledo or Providence?
It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/mo, while Providence has a cost index of 99 with rent of $1,333/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Toledo details → View Providence details →

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