salaryToledo is 7% 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
$1,644
$994
🛏️ 2-bedroom rent
$1,520
$1,028
💵 Families earn per year
$69,657
$53,627
🔑 Buying a house
$353,000
$114,500
📊 Overall prices (U.S. = 100)
97.9
91.5
🏛️ Property tax per year
$3,150
$1,849
⚡ Electric bill per month
$141
$107
👥 People living there
229,359
267,463
Commute to work
21.7 min
19.8 min
College degree
45.6%
21.9%
Own their home
43.5%
53.3%
Below poverty line
18.2%
24.3%
Unemployment
5.7%
7.7%
Bottom line
- Pick Richmond 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 | Richmond | Toledo | Difference |
|---|---|---|---|
| Dental Hygienist | $104,250 | $76,580 | -27% in Toledo |
| Market Research Analyst | $81,660 | $62,950 | -23% in Toledo |
| Electrician | $61,350 | $74,710 | +22% in Toledo |
| Lawyer | $144,910 | $113,920 | -21% in Toledo |
| Software Developer | $132,120 | $104,360 | -21% in Toledo |
| Carpenter | $51,870 | $61,070 | +18% in Toledo |
| Police Officer | $62,720 | $73,650 | +17% in Toledo |
| Registered Nurse | $93,580 | $81,050 | -13% in Toledo |
Frequently asked questions
Is Richmond or Toledo cheaper to live in?
Toledo is about 7% cheaper overall. Rent is $994 a month there versus $1,644 in Richmond.
What salary do I need in Toledo to match $60,000 in Richmond?
About $56,074 a year gives the same standard of living in Toledo.
Where do people earn more, Richmond or Toledo?
The typical household earns $69,657 in Richmond and $53,627 in Toledo, 30% more in Richmond.