Akron vs Toledo
Cost of Living Comparison · 2026
Akron
Toledo
The Verdict
Toledo is 5.2% less expensive than Akron overall. A household earning $75,000 in Akron would need approximately $71,296 in Toledo to maintain the same standard of living.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Akron has the same purchasing power as $71,296 in Toledo.
Conversely, $75,000 in Toledo equals $78,896 in Akron.
Living in Akron vs Toledo
Housing Costs
Akron's housing index of 60 is higher Toledo's 55, translating to median home prices of $146,000 vs $128,000. The $18,000 difference in home prices means roughly $1,176 per year in additional mortgage costs at current rates. Renters face a similar gap: $875/mo in Akron compared to $825/mo in Toledo, a monthly difference of $50.
Grocery & Food Costs
Grocery expenses index at 106 in Akron and 98 in Toledo. A household spending the national average of $475/month on groceries would pay approximately $504/month in Akron vs $466/month in Toledo. Toledo offers a meaningful advantage on everyday food costs, saving roughly $456/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 80 in Akron and 92 in Toledo. Monthly utility bills average approximately $320 in Akron vs $368 in Toledo. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.
Healthcare
Healthcare costs index at 88 in Akron and 84 in Toledo. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. Healthcare costs are relatively similar between these two cities, though individual plan costs can still vary.
Income & Purchasing Power
Median household income is $48,500 in Akron and $42,200 in Toledo. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $59,877 and $54,805 respectively. Akron residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,132/month to housing in Akron vs $985/month in Toledo. In Akron, median rent of $875/mo fits within this budget. In Toledo, median rent of $825/mo remains manageable. The biggest category-level difference between these two cities is Transportation, where the gap is 16 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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