Toledo, OH vs Waco, TX: 52 vs 72

$880/mo ↓ 20%

Median Rent

$1,098/mo ↑ 25%

$47,532/yr ↓ 8%

Median Income

$51,468/yr ↑ 8%

$107,000 ↓ 46%

Home Value

$199,600 ↑ 87%

$856/mo ↓ 22%

Owner Costs

$1,094/mo ↑ 28%

268,461

Population

141,925

Detailed Comparison

When comparing Toledo, OH and Waco, TX, the overall cost of living indices are 52 and 72 respectively (national median = 100). Rent is $218/month cheaper in Toledo, saving renters about $2,616/year.

Median household income is $3,936/year higher in Waco. Home values also differ significantly — the median in Toledo is $107,000 compared to $199,600 in Waco.

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

Frequently Asked Questions

Toledo vs Waco — common questions

Is Toledo or Waco cheaper to live in?

Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 72 (US average = 100).

What is the rent difference between Toledo and Waco?

Median rent in Toledo is $880/month and in Waco it's $1,098/month — a difference of $218/month.

Which city has higher income, Toledo or Waco?

Median household income is $47,532 in Toledo and $51,468 in Waco. Median household income is $3,936/year higher in Waco.

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 Waco?

It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/mo, while Waco has a cost index of 72 with rent of $1,098/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

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

Toledo

Waco

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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