salaryToledo is 13% 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
$1,649
$994
🛏️ 2-bedroom rent
$1,805
$1,028
💵 Families earn per year
$87,192
$53,627
🔑 Buying a house
$362,200
$114,500
📊 Overall prices (U.S. = 100)
104.8
91.5
🏛️ Property tax per year
$4,339
$1,849
⚡ Electric bill per month
$91
$107
👥 People living there
427,246
267,463
Commute to work
22 min
19.8 min
College degree
55.5%
21.9%
Own their home
47.7%
53.3%
Below poverty line
16%
24.3%
Unemployment
5.9%
7.7%
Bottom line
- Pick Minneapolis 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 | Minneapolis | Toledo | Difference |
|---|---|---|---|
| Firefighter | $39,350 | $60,590 | +54% in Toledo |
| Server (Waiter/Waitress) | $25,920 | $36,140 | +39% in Toledo |
| Market Research Analyst | $97,910 | $62,950 | -36% in Toledo |
| Plumber | $101,630 | $66,920 | -34% in Toledo |
| Dental Hygienist | $112,630 | $76,580 | -32% in Toledo |
| Lawyer | $159,620 | $113,920 | -29% in Toledo |
| Police Officer | $97,190 | $73,650 | -24% in Toledo |
| Registered Nurse | $103,040 | $81,050 | -21% in Toledo |
Frequently asked questions
Is Minneapolis or Toledo cheaper to live in?
Toledo is about 13% cheaper overall. Rent is $994 a month there versus $1,649 in Minneapolis.
What salary do I need in Toledo to match $60,000 in Minneapolis?
About $52,349 a year gives the same standard of living in Toledo.
Where do people earn more, Minneapolis or Toledo?
The typical household earns $87,192 in Minneapolis and $53,627 in Toledo, 63% more in Minneapolis.