salaryToledo is 11% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Toledo to live the same way.
🏠 Rent per month
$2,339
$994
🛏️ 2-bedroom rent
$1,738
$1,028
💵 Families earn per year
$84,235
$53,627
🔑 Buying a house
$373,500
$114,500
📊 Overall prices (U.S. = 100)
102.3
91.5
🏛️ Property tax per year
$3,176
$1,849
⚡ Electric bill per month
$196
$107
👥 People living there
215,536
267,463
Commute to work
29.9 min
19.8 min
College degree
26.9%
21.9%
Own their home
77.2%
53.3%
Below poverty line
10.7%
24.3%
Unemployment
3.8%
7.7%
Bottom line
- Pick Cape Coral for higher incomes, a more educated workforce, less poverty and 1 more.
- Pick Toledo for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
Pay for the same job
| Job | Cape Coral | Toledo | Difference |
|---|---|---|---|
| Plumber | $51,690 | $66,920 | +29% in Toledo |
| Electrician | $57,930 | $74,710 | +29% in Toledo |
| Carpenter | $49,210 | $61,070 | +24% in Toledo |
| Truck Driver | $48,950 | $60,410 | +23% in Toledo |
| Software Developer | $126,940 | $104,360 | -18% in Toledo |
| Dental Hygienist | $91,120 | $76,580 | -16% in Toledo |
| Civil Engineer | $84,990 | $96,300 | +13% in Toledo |
| Customer Service Representative | $38,180 | $42,970 | +13% in Toledo |
Frequently asked questions
Is Cape Coral or Toledo cheaper to live in?
Toledo is about 11% cheaper overall. Rent is $994 a month there versus $2,339 in Cape Coral.
What salary do I need in Toledo to match $60,000 in Cape Coral?
About $53,614 a year gives the same standard of living in Toledo.
Where do people earn more, Cape Coral or Toledo?
The typical household earns $84,235 in Cape Coral and $53,627 in Toledo, 57% more in Cape Coral.