Springfield vs Toledo
Cost of Living Comparison · 2026
Springfield
Toledo
The Verdict
Toledo is 39.0% less expensive than Springfield overall. A household earning $75,000 in Springfield would need approximately $53,972 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 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 116 is higher Toledo's 55, translating to median home prices of $378,000 vs $128,000. The $250,000 difference in home prices means roughly $16,248 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,150/mo in Springfield compared to $825/mo in Toledo, a monthly difference of $325.
Grocery & Food Costs
Grocery expenses index at 101 in Springfield and 98 in Toledo. A household spending the national average of $475/month on groceries would pay approximately $480/month in Springfield 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 96 in Springfield and 92 in Toledo. Monthly utility bills average approximately $384 in Springfield vs $368 in Toledo. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 102 in Springfield and 84 in Toledo. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 18-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $57,600 in Springfield and $42,200 in Toledo. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $53,832 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 $1,344/month to housing in Springfield vs $985/month in Toledo. In Springfield, median rent of $1,150/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 61 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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