Chicago, IL vs Toledo, OH
Cost of living comparison · 2023 Census ACS data
Quick Summary
The headline difference between these two markets is housing: a typical home in Toledo runs $107,000 versus $315,000 in Chicago, a 66% gap that dominates most relocation math.
Median Home Value
$315,200
$107,000 ✓
Zillow Home Value
$312,456
$126,270
Median Gross Rent
$1,380/mo
$880/mo ✓
Owner Occupied %
45.5%
52.7%
Price-to-Rent Ratio
19.0x
10.1x
Median Household Income
$75,134 ✓
$47,532
Per Capita Income
$48,148
$27,407
Unemployment Rate
7.9% ✓
8.5%
Poverty Rate
16.8%
24.5%
Avg Commute (min)
36.7 min
21.4 min
Drove Alone %
46.0%
77.9%
Public Transit %
19.3%
1.4%
Work From Home %
18.3%
5.7%
State Income Tax
5.0%
3.8%
Total Sales Tax
8.7%
7.2% ✓
Property Tax Rate
2.2%
1.6%
Bachelor's Degree %
24.9%
13.7%
Median Age
35.7
35.7
Avg High Temp
60.3°F
60.2°F
Annual Precipitation
34.4"
32.4"
Chicago, IL 2 wins
- ✓Median Household Income
- ✓Unemployment Rate
Toledo, OH 3 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Total Sales Tax
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