Cost of Living: Toledo, OH vs Richardson, TX (2026)

Toledo

Ohio
52
VS

Richardson

Texas
128

Toledo is 59% cheaper than Richardson.

$880/mo ↓ 52%
Median Rent
$1,825/mo ↑ 107%
$47,532/yr ↓ 51%
Median Income
$96,257/yr ↑ 103%
$107,000 ↓ 74%
Home Value
$405,600 ↑ 279%
$856/mo ↓ 52%
Owner Costs
$1,796/mo ↑ 110%
268,461
Population
118,269

Tax Comparison

3.5%
Income Tax
0%
5.75%
State Sales Tax
6.25%
1.53%
Property Tax
1.6%

Affordability

22.2%
rent-to-income
Affordability
22.8%
rent-to-income

Detailed Comparison

When comparing Toledo, OH and Richardson, TX, the overall cost of living indices are 52 and 128 respectively (national median = 100). Rent is $945/month cheaper in Toledo, saving renters about $11,340/year.

Median household income is $48,725/year higher in Richardson. Home values also differ significantly — the median in Toledo is $107,000 compared to $405,600 in Richardson.

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

Frequently Asked Questions

Toledo vs Richardson — common questions

Is Toledo or Richardson cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 128 (US average = 100).
What is the rent difference between Toledo and Richardson?
Median rent in Toledo is $880/month and in Richardson it's $1,825/month — a difference of $945/month.
Which city has higher income, Toledo or Richardson?
Median household income is $47,532 in Toledo and $96,257 in Richardson. Median household income is $48,725/year higher in Richardson.
How do taxes compare between Ohio and Texas?
Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Toledo or Richardson?
It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/mo, while Richardson has a cost index of 128 with rent of $1,825/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Toledo details → View Richardson details →

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