Cost of Living: Toledo, OH vs Winston-Salem, NC (2026)

Toledo

Ohio
52
VS

Winston-Salem

North Carolina
71

Toledo is 27% cheaper than Winston-Salem.

$880/mo ↓ 15%
Median Rent
$1,033/mo ↑ 17%
$47,532/yr ↓ 18%
Median Income
$57,673/yr ↑ 21%
$107,000 ↓ 49%
Home Value
$208,200 ↑ 95%
$856/mo ↓ 18%
Owner Costs
$1,040/mo ↑ 21%
268,461
Population
250,887

Tax Comparison

3.5%
Income Tax
4.5%
5.75%
State Sales Tax
4.75%
1.53%
Property Tax
0.8%

Affordability

22.2%
rent-to-income
Affordability
21.5%
rent-to-income

Detailed Comparison

When comparing Toledo, OH and Winston-Salem, NC, the overall cost of living indices are 52 and 71 respectively (national median = 100). Rent is $153/month cheaper in Toledo, saving renters about $1,836/year.

Median household income is $10,141/year higher in Winston-Salem. Home values also differ significantly — the median in Toledo is $107,000 compared to $208,200 in Winston-Salem.

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

Frequently Asked Questions

Toledo vs Winston-Salem — common questions

Is Toledo or Winston-Salem cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 71 (US average = 100).
What is the rent difference between Toledo and Winston-Salem?
Median rent in Toledo is $880/month and in Winston-Salem it's $1,033/month — a difference of $153/month.
Which city has higher income, Toledo or Winston-Salem?
Median household income is $47,532 in Toledo and $57,673 in Winston-Salem. Median household income is $10,141/year higher in Winston-Salem.
How do taxes compare between Ohio and North Carolina?
Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax. North Carolina has 4.5% income tax, 4.75% sales tax, and 0.8% property tax.
Should I move to Toledo or Winston-Salem?
It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/mo, while Winston-Salem has a cost index of 71 with rent of $1,033/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Toledo details → View Winston-Salem details →

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