Springfield vs Toledo
Cost of Living Comparison · 2026
Springfield
Toledo
The Verdict
The cost gap between these cities is 39.0%, with Toledo being the more affordable option. A $75,000 income in Springfield has equivalent purchasing power to $53,972 in Toledo.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Springfield has the same purchasing power as $53,972 in Toledo.
Conversely, $75,000 in Toledo equals $104,221 in Springfield.
Living in Springfield vs Toledo
Housing Costs
Springfield's housing index of 106 is higher Toledo's 55, translating to median home prices of $230,000 vs $128,000. The $102,000 difference in home prices means roughly $6,636 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,200/mo in Springfield compared to $825/mo in Toledo, a monthly difference of $375.
Grocery & Food Costs
Grocery expenses index at 104 in Springfield and 98 in Toledo. A household spending the national average of $475/month on groceries would pay approximately $494/month in Springfield vs $466/month in Toledo. Toledo offers a meaningful advantage on everyday food costs, saving roughly $336/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 119 in Springfield and 92 in Toledo. Monthly utility bills average approximately $476 in Springfield 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 114 in Springfield and 84 in Toledo. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 30-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $41,612 in Springfield and $42,200 in Toledo. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $38,890 and $54,805 respectively. Toledo residents come out ahead in real purchasing power.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $971/month to housing in Springfield vs $985/month in Toledo. In Springfield, median rent of $1,200/mo exceeds this threshold, suggesting renters may feel stretched. In Toledo, median rent of $825/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 51 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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