Franklin vs Toledo
Cost of Living Comparison · 2026
Franklin
Toledo
The Verdict
Living in Toledo costs 80.5% less than Franklin. To match the purchasing power of a $75,000 salary in Franklin, you would need $41,547 in Toledo.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Franklin has the same purchasing power as $41,547 in Toledo.
Conversely, $75,000 in Toledo equals $135,390 in Franklin.
Living in Franklin vs Toledo
Housing Costs
Franklin's housing index of 230 is higher Toledo's 55, translating to median home prices of $750,000 vs $128,000. The $622,000 difference in home prices means roughly $40,428 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,850/mo in Franklin compared to $825/mo in Toledo, a monthly difference of $1,025.
Grocery & Food Costs
Grocery expenses index at 100 in Franklin and 98 in Toledo. A household spending the national average of $475/month on groceries would pay approximately $475/month in Franklin vs $466/month in Toledo. The difference in grocery costs between these cities is relatively minor and unlikely to be a deciding factor in relocation.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 97 in Franklin and 92 in Toledo. Monthly utility bills average approximately $388 in Franklin vs $368 in Toledo. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 91 in Franklin 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 $118,200 in Franklin and $42,200 in Toledo. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $85,036 and $54,805 respectively. Franklin residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $2,758/month to housing in Franklin vs $985/month in Toledo. In Franklin, median rent of $1,850/mo fits within this budget. In Toledo, median rent of $825/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 175 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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