salaryToledo is 4% 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
$1,465
$994
🛏️ 2-bedroom rent
$1,315
$1,028
💵 Families earn per year
$71,417
$53,627
🔑 Buying a house
$224,800
$114,500
📊 Overall prices (U.S. = 100)
95.7
91.5
🏛️ Property tax per year
$2,037
$1,849
⚡ Electric bill per month
$141
$107
👥 People living there
885,860
267,463
Commute to work
24.6 min
19.8 min
College degree
34.9%
21.9%
Own their home
56%
53.3%
Below poverty line
15.8%
24.3%
Unemployment
5.1%
7.7%
Bottom line
- Pick Indianapolis 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 | Indianapolis | Toledo | Difference |
|---|---|---|---|
| Server (Waiter/Waitress) | $29,050 | $36,140 | +24% in Toledo |
| Dental Hygienist | $97,470 | $76,580 | -21% in Toledo |
| Operations Manager | $120,480 | $95,120 | -21% in Toledo |
| Electrician | $65,130 | $74,710 | +15% in Toledo |
| Plumber | $76,980 | $66,920 | -13% in Toledo |
| Firefighter | $68,480 | $60,590 | -12% in Toledo |
| Police Officer | $83,110 | $73,650 | -11% in Toledo |
| Pharmacist | $151,050 | $134,010 | -11% in Toledo |
Frequently asked questions
Is Indianapolis or Toledo cheaper to live in?
Toledo is about 4% cheaper overall. Rent is $994 a month there versus $1,465 in Indianapolis.
What salary do I need in Toledo to match $60,000 in Indianapolis?
About $57,341 a year gives the same standard of living in Toledo.
Where do people earn more, Indianapolis or Toledo?
The typical household earns $71,417 in Indianapolis and $53,627 in Toledo, 33% more in Indianapolis.