Is Akron, OH cheaper than Toledo, OH?

Based on cost of living data, Akron, OH is 9.9% cheaper than Toledo, OH. This translates to saving $746 per month.

What salary do I need in Akron, OH to live like I do in Toledo, OH?

If you earn $150,000 in Toledo, OH, you'd need approximately $141,047.377 in Akron, OH to maintain the same standard of living.

How does housing cost compare between Toledo, OH and Akron, OH?

Housing in Akron, OH is 7.2% cheaper than in Toledo, OH. For a two-bedroom apartment, rent is $989/month in Akron, OH compared to $1,075/month in Toledo, OH.

How much can I save per month by moving from Toledo, OH to Akron, OH?

Moving from Toledo, OH to Akron, OH could save you approximately $746 per month, or $8953 per year, based on a $150,000 salary.

Toledo, OH vs Akron, OH: Cost of Living Comparison 2026

Tap to swap

Cost of Living Comparison 2026

Data: HUD rent estimates, BLS cost of living

Current salary in Toledo, OH

Numbers update automatically as you type

You'd save $746/month moving to Akron, OH

$150.0K in your current city equals $141.0K in Akron, OH

Rent data from HUD ZIP-level estimates · COL index from area

Overall Cost

↓ 9.9%

Less expensive

Monthly Impact

$746

Savings

Annual Impact

$9.0K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Toledo, OH

Population:265K

Cost Index:

100

100 = national average

Median Home:$130K

Akron, OH

Population:189K

Cost Index:

(10% below avg)

Median Home:$113K

Toledo, OH

The Buckeye State

265K

Population

State Tax

Yes

Located in Ohio, this city has a population of 265K residents.

Akron, OH

The Buckeye State

189K

Population

State Tax

Yes

Located in Ohio, this city has a population of 189K residents.

Cost Breakdown by Category

Annual spending: Toledo, OH vs Akron, OH

Category	Toledo, OH	Akron, OH	Difference	Change
Transportation	$1,617/mo	$1,359/mo	↓ $258less	16.0%
Other	$1,723/mo	$1,548/mo	↓ $174less	10.1%
Housing	$1,605/mo	$1,489/mo	↓ $116less	7.2%
All Utilities	$565/mo	$463/mo	↓ $102less	18.1%
Healthcare	$572/mo	$525/mo	↓ $46.76less	8.2%
Groceries	$963/mo	$967/mo	↑ $3.62more	0.4%

Transportation

↓ 16.0%

Toledo, OH

$1,617

Akron, OH

$1,359

Difference

$258

less

Other

↓ 10.1%

Toledo, OH

$1,723

Akron, OH

$1,548

Difference

$174

less

Housing

↓ 7.2%

Toledo, OH

$1,605

Akron, OH

$1,489

Difference

$116

less

All Utilities

↓ 18.1%

Toledo, OH

$565

Akron, OH

$463

Difference

$102

less

Healthcare

↓ 8.2%

Toledo, OH

$572

Akron, OH

$525

Difference

$46.76

less

Groceries

↑ 0.4%

Toledo, OH

$963

Akron, OH

$967

Difference

$3.62

🏛️ Local Income Taxes

Toledo, OH: Toledo Municipal Income Tax$3,750/yr (2.5%)

Akron, OH: Akron Municipal Income Tax$3,750/yr (2.5%)

Net difference$0/yr

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

🏠Rent Comparison

Studio

From$772

To$702

↓ $70.00

1 Bed

From$818

To$769

↓ $49.00

2 Bed

From$1,075

To$989

↓ $86.00

3 Bed

From$1,379

To$1,209

↓ $170

Toledo, OHZIP-level data

1BR range: $740–$930/mo

Akron, OHZIP-level data

1BR range: $770–$1,040/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,045

Monthly in Toledo, OH

$6,351

Monthly in Akron, OH

$694

Difference

Home Values

Toledo

Akron

$130K

Median Value

$113K

↑ +5.6%

YoY Change

↑ +1.8%

↑ +41%

5-Year Change

↑ +38.9%

$47K - $314K

Price Range

$73K - $245K

Homes in Akron are 13% less expensive than Toledo

Calculate payment - Toledo Calculate payment - Akron

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

→ $0

Same taxes

Monthly Difference

Same take-home

Effective Rate Diff

0.0%

Rate difference

Toledo, OH

Federal Income Tax

Effective: 18.9%

$25.5K

Ohio State Tax

Effective: 3.0%

$4.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 27.6%

$41.4K

Take-Home Pay

$9,047/month

$108.6K

Akron, OH

Federal Income Tax

Effective: 18.9%

$25.5K

Ohio State Tax

Effective: 3.0%

$4.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 27.6%

$41.4K

Take-Home Pay

$9,047/month

$108.6K

Additional Tax Information

Toledo, OH Tax Rates

Sales Tax:7.2%

Property Tax:1.6%

Akron, OH Tax Rates

Sales Tax:7.2%

Property Tax:1.6%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.