Cost of Living: Toledo, OH vs Waterbury, CT (2026)

Toledo

Ohio
52
VS

Waterbury

Connecticut
76

Toledo is 32% cheaper than Waterbury.

$880/mo ↓ 25%
Median Rent
$1,180/mo ↑ 34%
$47,532/yr ↓ 8%
Median Income
$51,642/yr ↑ 9%
$107,000 ↓ 42%
Home Value
$185,400 ↑ 73%
$856/mo ↓ 33%
Owner Costs
$1,273/mo ↑ 49%
268,461
Population
114,356

Tax Comparison

3.5%
Income Tax
6.99%
5.75%
State Sales Tax
6.35%
1.53%
Property Tax
2.15%

Affordability

22.2%
rent-to-income
Affordability
27.4%
rent-to-income

Detailed Comparison

When comparing Toledo, OH and Waterbury, CT, the overall cost of living indices are 52 and 76 respectively (national median = 100). Rent is $300/month cheaper in Toledo, saving renters about $3,600/year.

Median household income is $4,110/year higher in Waterbury. Home values also differ significantly — the median in Toledo is $107,000 compared to $185,400 in Waterbury.

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

Frequently Asked Questions

Toledo vs Waterbury — common questions

Is Toledo or Waterbury cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 76 (US average = 100).
What is the rent difference between Toledo and Waterbury?
Median rent in Toledo is $880/month and in Waterbury it's $1,180/month — a difference of $300/month.
Which city has higher income, Toledo or Waterbury?
Median household income is $47,532 in Toledo and $51,642 in Waterbury. Median household income is $4,110/year higher in Waterbury.
How do taxes compare between Ohio and Connecticut?
Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax. Connecticut has 6.99% income tax, 6.35% sales tax, and 2.15% property tax.
Should I move to Toledo or Waterbury?
It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/mo, while Waterbury has a cost index of 76 with rent of $1,180/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Toledo details → View Waterbury details →

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