salaryToledo is 6% 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
$1,723
$994
🛏️ 2-bedroom rent
$1,628
$1,028
💵 Families earn per year
$84,177
$53,627
🔑 Buying a house
$372,900
$114,500
📊 Overall prices (U.S. = 100)
97.3
91.5
🏛️ Property tax per year
$6,541
$1,849
⚡ Electric bill per month
$120
$107
👥 People living there
278,001
267,463
Commute to work
19.4 min
19.8 min
College degree
59.9%
21.9%
Own their home
46%
53.3%
Below poverty line
16.4%
24.3%
Unemployment
2.7%
7.7%
Bottom line
- Pick Madison for higher incomes, shorter commutes, a more educated workforce and 2 more.
- Pick Toledo for lower rent, cheaper 2-bedroom apartments, cheaper homes.
Pay for the same job
| Job | Madison | Toledo | Difference |
|---|---|---|---|
| Operations Manager | $126,620 | $95,120 | -25% in Toledo |
| Dental Hygienist | $100,340 | $76,580 | -24% in Toledo |
| Plumber | $85,160 | $66,920 | -21% in Toledo |
| Software Developer | $130,630 | $104,360 | -20% in Toledo |
| Registered Nurse | $101,190 | $81,050 | -20% in Toledo |
| Server (Waiter/Waitress) | $30,910 | $36,140 | +17% in Toledo |
| Cashier | $34,550 | $29,270 | -15% in Toledo |
| Pharmacist | $158,120 | $134,010 | -15% in Toledo |
Frequently asked questions
Is Madison or Toledo cheaper to live in?
Toledo is about 6% cheaper overall. Rent is $994 a month there versus $1,723 in Madison.
What salary do I need in Toledo to match $60,000 in Madison?
About $56,403 a year gives the same standard of living in Toledo.
Where do people earn more, Madison or Toledo?
The typical household earns $84,177 in Madison and $53,627 in Toledo, 57% more in Madison.