Cost of Living: Toledo, OH vs Springfield, MA (2026)

Toledo

Ohio
52
VS

Springfield

Massachusetts
79

Toledo is 34% cheaper than Springfield.

$880/mo ↓ 21%
Median Rent
$1,114/mo ↑ 27%
$47,532/yr ↓ 7%
Median Income
$51,339/yr ↑ 8%
$107,000 ↓ 52%
Home Value
$222,700 ↑ 108%
$856/mo ↓ 33%
Owner Costs
$1,276/mo ↑ 49%
268,461
Population
154,751

Tax Comparison

3.5%
Income Tax
9.0%
5.75%
State Sales Tax
6.25%
1.53%
Property Tax
1.15%

Affordability

22.2%
rent-to-income
Affordability
26.0%
rent-to-income

Detailed Comparison

When comparing Toledo, OH and Springfield, MA, the overall cost of living indices are 52 and 79 respectively (national median = 100). Rent is $234/month cheaper in Toledo, saving renters about $2,808/year.

Median household income is $3,807/year higher in Springfield. Home values also differ significantly — the median in Toledo is $107,000 compared to $222,700 in Springfield.

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

Frequently Asked Questions

Toledo vs Springfield — common questions

Is Toledo or Springfield cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 79 (US average = 100).
What is the rent difference between Toledo and Springfield?
Median rent in Toledo is $880/month and in Springfield it's $1,114/month — a difference of $234/month.
Which city has higher income, Toledo or Springfield?
Median household income is $47,532 in Toledo and $51,339 in Springfield. Median household income is $3,807/year higher in Springfield.
How do taxes compare between Ohio and Massachusetts?
Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax. Massachusetts has 9.0% income tax, 6.25% sales tax, and 1.15% property tax.
Should I move to Toledo or Springfield?
It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/mo, while Springfield has a cost index of 79 with rent of $1,114/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Toledo details → View Springfield details →

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