salaryToledo is 20% 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
$2,538
$994
🛏️ 2-bedroom rent
$1,983
$1,028
💵 Families earn per year
$67,365
$53,627
🔑 Buying a house
$518,100
$114,500
📊 Overall prices (U.S. = 100)
114.2
91.5
🏛️ Property tax per year
$4,586
$1,849
⚡ Electric bill per month
$133
$107
👥 People living there
459,745
267,463
Commute to work
27.3 min
19.8 min
College degree
37.4%
21.9%
Own their home
30.8%
53.3%
Below poverty line
19.4%
24.3%
Unemployment
5.2%
7.7%
Bottom line
- Pick Miami 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 | Miami | Toledo | Difference |
|---|---|---|---|
| Lawyer | $160,320 | $113,920 | -29% in Toledo |
| Electrician | $58,630 | $74,710 | +27% in Toledo |
| Software Developer | $132,650 | $104,360 | -21% in Toledo |
| Market Research Analyst | $78,990 | $62,950 | -20% in Toledo |
| Firefighter | $75,710 | $60,590 | -20% in Toledo |
| Carpenter | $51,570 | $61,070 | +18% in Toledo |
| Truck Driver | $51,580 | $60,410 | +17% in Toledo |
| Plumber | $57,760 | $66,920 | +16% in Toledo |
Frequently asked questions
Is Miami or Toledo cheaper to live in?
Toledo is about 20% cheaper overall. Rent is $994 a month there versus $2,538 in Miami.
What salary do I need in Toledo to match $60,000 in Miami?
About $48,069 a year gives the same standard of living in Toledo.
Where do people earn more, Miami or Toledo?
The typical household earns $67,365 in Miami and $53,627 in Toledo, 26% more in Miami.