salaryToledo is 19% 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
$1,867
$994
🛏️ 2-bedroom rent
$1,573
$1,028
💵 Families earn per year
$56,147
$53,627
🔑 Buying a house
$373,700
$114,500
📊 Overall prices (U.S. = 100)
112.6
91.5
🏛️ Property tax per year
$7,262
$1,849
⚡ Electric bill per month
$143
$107
👥 People living there
310,178
267,463
Commute to work
32.6 min
19.8 min
College degree
19.7%
21.9%
Own their home
24.4%
53.3%
Below poverty line
23.4%
24.3%
Unemployment
11.6%
7.7%
Bottom line
- Pick Newark for higher incomes, less poverty.
- Pick Toledo for lower rent, cheaper 2-bedroom apartments, cheaper homes and 3 more.
Pay for the same job
| Job | Newark | Toledo | Difference |
|---|---|---|---|
| Lawyer | $208,880 | $113,920 | -45% in Toledo |
| Firefighter | $106,420 | $60,590 | -43% in Toledo |
| Operations Manager | $157,000 | $95,120 | -39% in Toledo |
| Software Developer | $166,830 | $104,360 | -37% in Toledo |
| Market Research Analyst | $100,520 | $62,950 | -37% in Toledo |
| Elementary School Teacher | $96,900 | $63,250 | -35% in Toledo |
| Registered Nurse | $119,720 | $81,050 | -32% in Toledo |
| Police Officer | $105,540 | $73,650 | -30% in Toledo |
Frequently asked questions
Is Newark or Toledo cheaper to live in?
Toledo is about 19% cheaper overall. Rent is $994 a month there versus $1,867 in Newark.
What salary do I need in Toledo to match $60,000 in Newark?
About $48,749 a year gives the same standard of living in Toledo.
Where do people earn more, Newark or Toledo?
The typical household earns $56,147 in Newark and $53,627 in Toledo, 5% more in Newark.