Saginaw, MI vs Toledo, OH: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, living costs in Toledo, OH and Saginaw, MI are within 1% of each other (BEA, 2024).
- To keep the same standard of living, $75,000 in Saginaw works out to about $75,500 in Toledo, before taxes.
- Housing is 5.8% higher in Toledo, goods 0.1% lower and other services 0.6% lower, which roughly cancel out.
- Typical asking rent is $1,264 a month in Toledo and $1,055 in Saginaw, $2,508 a year more in Toledo (Zillow, September 2026).
- A typical home is valued at about $202,000 in Toledo and $175,000 in Saginaw.
- The gap has narrowed since 2019, when Toledo was 2.6% more expensive than Saginaw.
derived Calculated from BEA Regional Price Parities (2024) and Zillow data. Based on an average household's spending; taxes not included. How we calculate.
Category by category
Both cities against the US average (100). The gap in each row is what matters for a move.
Overall prices are about the same in Saginaw and Toledo
Price level by category, 2024. US average = 100.
- Saginaw, MI
- Toledo, OH
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Saginaw, MI | Toledo, OH | |
|---|---|---|
| All items | 90.9 | 91.5 |
| Goods | 93.7 | 93.6 |
| Housing (rents) | 63.6 | 67.3 |
| Utilities | 95.8 | 96.3 |
| Other services | 99.6 | 98.9 |
| Category | Saginaw | Toledo | Toledo vs Saginaw |
|---|---|---|---|
| All items | 90.9 | 91.5 | +0.6% |
| Goods | 93.7 | 93.6 | −0.1% |
| Housing (rents) | 63.6 | 67.3 | +5.8% |
| Utilities | 95.8 | 96.3 | +0.5% |
| Other services | 99.6 | 98.9 | −0.6% |
| Typical asking rent | $1,055 | $1,264 | +19.8% |
| Typical home value | $175,000 | $202,000 | +15.4% |
| Salary to match $75,000 in Saginaw | $75,000 | $75,500 | +0.6% |
Index values: BEA, 2024, US = 100. Rent and home values: Data Provided by Zillow Group, September 2026.
How the gap has changed since 2008
The price gap between Saginaw and Toledo has narrowed since 2008: 2.4 points then, 0.6 now
Overall price level each year, 2008–2024. US average = 100.
- Saginaw, MI
- Toledo, OH
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Saginaw, MI | Toledo, OH | |
|---|---|---|
| 2008 | 93.5 | 95.9 |
| 2009 | 92.7 | 93.7 |
| 2010 | 92.2 | 93.9 |
| 2011 | 92.4 | 93.4 |
| 2012 | 90.9 | 92.5 |
| 2013 | 92.3 | 92.5 |
| 2014 | 90.5 | 93.4 |
| 2015 | 90.3 | 92.0 |
| 2016 | 90.7 | 92.6 |
| 2017 | 89.5 | 91.7 |
| 2018 | 90.9 | 92.7 |
| 2019 | 90.2 | 92.5 |
| 2020 | 88.9 | 90.9 |
| 2021 | 91.0 | 90.1 |
| 2022 | 87.1 | 90.6 |
| 2023 | 89.3 | 90.6 |
| 2024 | 90.9 | 91.5 |
Goods
- Saginaw, MI
- Toledo, OH
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Saginaw, MI | Toledo, OH | |
|---|---|---|
| 2008 | 99.0 | 98.6 |
| 2009 | 97.5 | 97.5 |
| 2010 | 96.5 | 96.3 |
| 2011 | 96.0 | 95.9 |
| 2012 | 97.2 | 97.2 |
| 2013 | 97.0 | 97.1 |
| 2014 | 98.4 | 98.5 |
| 2015 | 97.7 | 97.9 |
| 2016 | 96.8 | 97.1 |
| 2017 | 94.9 | 95.3 |
| 2018 | 97.1 | 97.3 |
| 2019 | 95.9 | 95.9 |
| 2020 | 93.7 | 93.9 |
| 2021 | 94.4 | 94.4 |
| 2022 | 92.1 | 92.3 |
| 2023 | 94.1 | 94.1 |
| 2024 | 93.7 | 93.6 |
Housing (rents)
- Saginaw, MI
- Toledo, OH
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Saginaw, MI | Toledo, OH | |
|---|---|---|
| 2008 | 68.4 | 79.6 |
| 2009 | 69.2 | 71.2 |
| 2010 | 66.3 | 74.7 |
| 2011 | 72.3 | 80.1 |
| 2012 | 64.1 | 71.0 |
| 2013 | 68.2 | 71.0 |
| 2014 | 61.6 | 75.9 |
| 2015 | 66.2 | 72.8 |
| 2016 | 65.7 | 74.4 |
| 2017 | 63.7 | 74.1 |
| 2018 | 64.3 | 73.4 |
| 2019 | 58.7 | 70.5 |
| 2020 | 61.2 | 69.9 |
| 2021 | 66.8 | 63.9 |
| 2022 | 55.0 | 68.1 |
| 2023 | 59.4 | 66.4 |
| 2024 | 63.6 | 67.3 |
Utilities
- Saginaw, MI
- Toledo, OH
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Saginaw, MI | Toledo, OH | |
|---|---|---|
| 2008 | 96.5 | 100.5 |
| 2009 | 103.9 | 103.8 |
| 2010 | 103.0 | 97.8 |
| 2011 | 105.6 | 99.0 |
| 2012 | 105.7 | 96.2 |
| 2013 | 105.0 | 95.2 |
| 2014 | 95.9 | 89.1 |
| 2015 | 93.1 | 88.4 |
| 2016 | 93.6 | 83.6 |
| 2017 | 98.0 | 90.1 |
| 2018 | 103.7 | 94.2 |
| 2019 | 99.0 | 90.5 |
| 2020 | 102.4 | 91.2 |
| 2021 | 102.7 | 92.0 |
| 2022 | 96.5 | 87.3 |
| 2023 | 95.7 | 88.6 |
| 2024 | 95.8 | 96.3 |
Other services
- Saginaw, MI
- Toledo, OH
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Saginaw, MI | Toledo, OH | |
|---|---|---|
| 2008 | 100.1 | 99.5 |
| 2009 | 99.7 | 99.1 |
| 2010 | 99.1 | 98.7 |
| 2011 | 96.9 | 96.0 |
| 2012 | 97.1 | 96.7 |
| 2013 | 97.9 | 97.3 |
| 2014 | 96.6 | 96.3 |
| 2015 | 95.0 | 94.8 |
| 2016 | 96.3 | 96.3 |
| 2017 | 95.3 | 95.3 |
| 2018 | 96.5 | 96.3 |
| 2019 | 98.6 | 98.5 |
| 2020 | 97.8 | 97.6 |
| 2021 | 97.9 | 97.5 |
| 2022 | 98.2 | 97.7 |
| 2023 | 97.7 | 97.5 |
| 2024 | 99.6 | 98.9 |
Rent and home values
Typical asking rent: $1,264 in Toledo vs $1,055 in Saginaw
Typical asking rent for a new lease, dollars per month. Quarterly.
- Saginaw, MI
- Toledo, OH
- United States
Source: Zillow Observed Rent Index (typical asking rent, all homes, smoothed), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Saginaw, MI | Toledo, OH | United States | |
|---|---|---|---|
| Mar 2015 | – | $720 | $1,145 |
| Jun 2015 | – | $731 | $1,170 |
| Sep 2015 | – | $732 | $1,181 |
| Dec 2015 | – | $731 | $1,182 |
| Mar 2016 | – | $736 | $1,195 |
| Jun 2016 | – | $752 | $1,219 |
| Sep 2016 | – | $763 | $1,225 |
| Dec 2016 | – | $760 | $1,222 |
| Mar 2017 | – | $764 | $1,245 |
| Jun 2017 | – | $780 | $1,270 |
| Sep 2017 | – | $774 | $1,276 |
| Dec 2017 | – | $779 | $1,275 |
| Mar 2018 | – | $789 | $1,296 |
| Jun 2018 | – | $801 | $1,320 |
| Sep 2018 | – | $799 | $1,327 |
| Dec 2018 | – | $803 | $1,329 |
| Mar 2019 | – | $814 | $1,349 |
| Jun 2019 | – | $830 | $1,376 |
| Sep 2019 | – | $825 | $1,383 |
| Dec 2019 | – | $831 | $1,381 |
| Mar 2020 | – | $845 | $1,402 |
| Jun 2020 | – | $865 | $1,406 |
| Sep 2020 | – | $863 | $1,410 |
| Dec 2020 | – | $874 | $1,407 |
| Mar 2021 | $718 | $900 | $1,443 |
| Jun 2021 | $737 | $943 | $1,512 |
| Sep 2021 | $779 | $980 | $1,590 |
| Dec 2021 | $771 | $989 | $1,622 |
| Mar 2022 | $799 | $1,014 | $1,661 |
| Jun 2022 | $822 | $1,072 | $1,721 |
| Sep 2022 | $838 | $1,064 | $1,748 |
| Dec 2022 | $842 | $1,048 | $1,735 |
| Mar 2023 | $845 | $1,076 | $1,757 |
| Jun 2023 | $856 | $1,091 | $1,785 |
| Sep 2023 | $875 | $1,109 | $1,797 |
| Dec 2023 | $893 | $1,104 | $1,786 |
| Mar 2024 | $901 | $1,125 | $1,807 |
| Jun 2024 | $893 | $1,156 | $1,837 |
| Sep 2024 | $932 | $1,164 | $1,845 |
| Dec 2024 | $943 | $1,167 | $1,836 |
| Mar 2025 | $946 | $1,168 | $1,860 |
| Jun 2025 | $957 | $1,189 | $1,880 |
| Sep 2025 | $976 | $1,195 | $1,881 |
| Dec 2025 | $972 | $1,215 | $1,873 |
| Mar 2026 | $988 | $1,220 | $1,894 |
| Jun 2026 | $1,021 | $1,246 | $1,921 |
| Sep 2026 | $1,055 | $1,264 | $1,932 |
Typical home value: $202,000 in Toledo vs $175,000 in Saginaw
Typical home value, dollars. Quarterly.
- Saginaw, MI
- Toledo, OH
- United States
Source: Zillow Home Value Index (typical home value, middle tier, smoothed, seasonally adjusted), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Saginaw, MI | Toledo, OH | United States | |
|---|---|---|---|
| Mar 2015 | $74K | $101K | $189K |
| Jun 2015 | $75K | $103K | $192K |
| Sep 2015 | $76K | $105K | $195K |
| Dec 2015 | $75K | $108K | $199K |
| Mar 2016 | $75K | $109K | $202K |
| Jun 2016 | $75K | $110K | $204K |
| Sep 2016 | $75K | $111K | $206K |
| Dec 2016 | $77K | $112K | $209K |
| Mar 2017 | $78K | $113K | $213K |
| Jun 2017 | $81K | $114K | $216K |
| Sep 2017 | $83K | $117K | $219K |
| Dec 2017 | $84K | $119K | $223K |
| Mar 2018 | $86K | $121K | $227K |
| Jun 2018 | $88K | $123K | $230K |
| Sep 2018 | $89K | $125K | $234K |
| Dec 2018 | $89K | $125K | $236K |
| Mar 2019 | $93K | $128K | $239K |
| Jun 2019 | $96K | $130K | $242K |
| Sep 2019 | $96K | $130K | $244K |
| Dec 2019 | $99K | $132K | $247K |
| Mar 2020 | $101K | $135K | $252K |
| Jun 2020 | $103K | $136K | $255K |
| Sep 2020 | $106K | $140K | $260K |
| Dec 2020 | $112K | $147K | $271K |
| Mar 2021 | $118K | $153K | $282K |
| Jun 2021 | $124K | $158K | $296K |
| Sep 2021 | $124K | $158K | $306K |
| Dec 2021 | $124K | $157K | $314K |
| Mar 2022 | $130K | $164K | $330K |
| Jun 2022 | $137K | $170K | $346K |
| Sep 2022 | $138K | $171K | $348K |
| Dec 2022 | $139K | $170K | $345K |
| Mar 2023 | $142K | $169K | $343K |
| Jun 2023 | $145K | $174K | $347K |
| Sep 2023 | $146K | $179K | $352K |
| Dec 2023 | $148K | $182K | $354K |
| Mar 2024 | $152K | $184K | $357K |
| Jun 2024 | $155K | $188K | $361K |
| Sep 2024 | $154K | $188K | $361K |
| Dec 2024 | $157K | $191K | $363K |
| Mar 2025 | $159K | $194K | $364K |
| Jun 2025 | $161K | $195K | $362K |
| Sep 2025 | $166K | $196K | $362K |
| Dec 2025 | $169K | $197K | $364K |
| Mar 2026 | $170K | $199K | $366K |
| Jun 2026 | $172K | $200K | $365K |
| Sep 2026 | $175K | $202K | $366K |
More about each city
What this comparison leaves out
- Taxes. State and local income, sales and property taxes can change the result a lot, especially between states.
- Neighborhoods. These are metro-wide averages; a city center and its outer suburbs can differ by more than two metros do.
- Your own spending mix. The default uses an average household. Use the housing slider above if rent is a bigger share of your budget.
- Timing. BEA price levels are for 2024; Zillow figures are monthly and newer.