Toledo, OH vs Springfield, OH: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, Springfield, OH is 1.1% less expensive than Toledo, OH (BEA, 2024).
- To keep the same standard of living, $75,000 in Toledo works out to about $74,200 in Springfield, before taxes.
- Most of the difference is housing, which costs 8.3% less in Springfield. Goods are 0.0% higher and other services 0.0% higher.
- Typical asking rent is $1,199 a month in Springfield and $1,264 in Toledo, $780 a year less in Springfield (Zillow, September 2026).
- A typical home is valued at about $200,000 in Springfield and $202,000 in Toledo.
- The gap is about where it was in 2019 (1.0%).
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.
Housing drives the gap: 8.3% lower in Springfield than in Toledo
Price level by category, 2024. US average = 100.
- Toledo, OH
- Springfield, OH
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Toledo, OH | Springfield, OH | |
|---|---|---|
| All items | 91.5 | 90.5 |
| Goods | 93.6 | 93.6 |
| Housing (rents) | 67.3 | 61.7 |
| Utilities | 96.3 | 97.2 |
| Other services | 98.9 | 98.9 |
| Category | Toledo | Springfield | Springfield vs Toledo |
|---|---|---|---|
| All items | 91.5 | 90.5 | −1.1% |
| Goods | 93.6 | 93.6 | 0.0% |
| Housing (rents) | 67.3 | 61.7 | −8.3% |
| Utilities | 96.3 | 97.2 | +0.9% |
| Other services | 98.9 | 98.9 | 0.0% |
| Typical asking rent | $1,264 | $1,199 | −5.1% |
| Typical home value | $202,000 | $200,000 | −1.2% |
| Salary to match $75,000 in Toledo | $75,000 | $74,200 | −1.1% |
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 Toledo and Springfield has narrowed since 2008: 3.8 points then, 1.0 now
Overall price level each year, 2008–2024. US average = 100.
- Toledo, OH
- Springfield, OH
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Toledo, OH | Springfield, OH | |
|---|---|---|
| 2008 | 95.9 | 92.1 |
| 2009 | 93.7 | 93.2 |
| 2010 | 93.9 | 92.0 |
| 2011 | 93.4 | 92.0 |
| 2012 | 92.5 | 91.8 |
| 2013 | 92.5 | 90.9 |
| 2014 | 93.4 | 92.0 |
| 2015 | 92.0 | 90.4 |
| 2016 | 92.6 | 90.5 |
| 2017 | 91.7 | 88.9 |
| 2018 | 92.7 | 90.5 |
| 2019 | 92.5 | 91.6 |
| 2020 | 90.9 | 89.3 |
| 2021 | 90.1 | 86.8 |
| 2022 | 90.6 | 88.7 |
| 2023 | 90.6 | 88.7 |
| 2024 | 91.5 | 90.5 |
Goods
- Toledo, OH
- Springfield, OH
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Toledo, OH | Springfield, OH | |
|---|---|---|
| 2008 | 98.6 | 98.6 |
| 2009 | 97.5 | 97.5 |
| 2010 | 96.3 | 96.3 |
| 2011 | 95.9 | 95.9 |
| 2012 | 97.2 | 97.2 |
| 2013 | 97.1 | 97.1 |
| 2014 | 98.5 | 98.5 |
| 2015 | 97.9 | 97.9 |
| 2016 | 97.1 | 97.1 |
| 2017 | 95.3 | 95.3 |
| 2018 | 97.3 | 97.3 |
| 2019 | 95.9 | 95.9 |
| 2020 | 93.9 | 93.9 |
| 2021 | 94.4 | 94.4 |
| 2022 | 92.3 | 92.3 |
| 2023 | 94.1 | 94.1 |
| 2024 | 93.6 | 93.6 |
Housing (rents)
- Toledo, OH
- Springfield, OH
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Toledo, OH | Springfield, OH | |
|---|---|---|
| 2008 | 79.6 | 61.2 |
| 2009 | 71.2 | 69.0 |
| 2010 | 74.7 | 67.1 |
| 2011 | 80.1 | 72.6 |
| 2012 | 71.0 | 69.6 |
| 2013 | 71.0 | 63.2 |
| 2014 | 75.9 | 69.5 |
| 2015 | 72.8 | 65.1 |
| 2016 | 74.4 | 63.9 |
| 2017 | 74.1 | 60.0 |
| 2018 | 73.4 | 62.4 |
| 2019 | 70.5 | 66.4 |
| 2020 | 69.9 | 62.0 |
| 2021 | 63.9 | 49.0 |
| 2022 | 68.1 | 59.2 |
| 2023 | 66.4 | 58.6 |
| 2024 | 67.3 | 61.7 |
Utilities
- Toledo, OH
- Springfield, OH
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Toledo, OH | Springfield, OH | |
|---|---|---|
| 2008 | 100.5 | 97.9 |
| 2009 | 103.8 | 100.9 |
| 2010 | 97.8 | 97.3 |
| 2011 | 99.0 | 98.0 |
| 2012 | 96.2 | 96.1 |
| 2013 | 95.2 | 95.2 |
| 2014 | 89.1 | 91.4 |
| 2015 | 88.4 | 91.4 |
| 2016 | 83.6 | 88.0 |
| 2017 | 90.1 | 91.3 |
| 2018 | 94.2 | 93.4 |
| 2019 | 90.5 | 91.1 |
| 2020 | 91.2 | 91.1 |
| 2021 | 92.0 | 91.8 |
| 2022 | 87.3 | 87.8 |
| 2023 | 88.6 | 90.3 |
| 2024 | 96.3 | 97.2 |
Other services
- Toledo, OH
- Springfield, OH
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Toledo, OH | Springfield, OH | |
|---|---|---|
| 2008 | 99.5 | 99.5 |
| 2009 | 99.1 | 99.1 |
| 2010 | 98.7 | 98.7 |
| 2011 | 96.0 | 96.0 |
| 2012 | 96.7 | 96.7 |
| 2013 | 97.3 | 97.3 |
| 2014 | 96.3 | 96.3 |
| 2015 | 94.8 | 94.8 |
| 2016 | 96.3 | 96.3 |
| 2017 | 95.3 | 95.3 |
| 2018 | 96.3 | 96.3 |
| 2019 | 98.5 | 98.5 |
| 2020 | 97.6 | 97.6 |
| 2021 | 97.5 | 97.5 |
| 2022 | 97.7 | 97.7 |
| 2023 | 97.5 | 97.5 |
| 2024 | 98.9 | 98.9 |
Rent and home values
Typical asking rent: $1,199 in Springfield vs $1,264 in Toledo
Typical asking rent for a new lease, dollars per month. Quarterly.
- Toledo, OH
- Springfield, 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
| Toledo, OH | Springfield, 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 | $900 | – | $1,443 |
| Jun 2021 | $943 | – | $1,512 |
| Sep 2021 | $980 | – | $1,590 |
| Dec 2021 | $989 | – | $1,622 |
| Mar 2022 | $1,014 | – | $1,661 |
| Jun 2022 | $1,072 | $829 | $1,721 |
| Sep 2022 | $1,064 | $871 | $1,748 |
| Dec 2022 | $1,048 | $919 | $1,735 |
| Mar 2023 | $1,076 | $917 | $1,757 |
| Jun 2023 | $1,091 | $933 | $1,785 |
| Sep 2023 | $1,109 | $971 | $1,797 |
| Dec 2023 | $1,104 | $1,025 | $1,786 |
| Mar 2024 | $1,125 | $1,015 | $1,807 |
| Jun 2024 | $1,156 | $1,022 | $1,837 |
| Sep 2024 | $1,164 | $1,094 | $1,845 |
| Dec 2024 | $1,167 | $1,092 | $1,836 |
| Mar 2025 | $1,168 | $1,088 | $1,860 |
| Jun 2025 | $1,189 | $1,126 | $1,880 |
| Sep 2025 | $1,195 | $1,105 | $1,881 |
| Dec 2025 | $1,215 | $1,170 | $1,873 |
| Mar 2026 | $1,220 | $1,206 | $1,894 |
| Jun 2026 | $1,246 | $1,174 | $1,921 |
| Sep 2026 | $1,264 | $1,199 | $1,932 |
Typical home value: $200,000 in Springfield vs $202,000 in Toledo
Typical home value, dollars. Quarterly.
- Toledo, OH
- Springfield, 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
| Toledo, OH | Springfield, OH | United States | |
|---|---|---|---|
| Mar 2015 | $101K | $89K | $189K |
| Jun 2015 | $103K | $89K | $192K |
| Sep 2015 | $105K | $90K | $195K |
| Dec 2015 | $108K | $91K | $199K |
| Mar 2016 | $109K | $92K | $202K |
| Jun 2016 | $110K | $93K | $204K |
| Sep 2016 | $111K | $94K | $206K |
| Dec 2016 | $112K | $96K | $209K |
| Mar 2017 | $113K | $98K | $213K |
| Jun 2017 | $114K | $98K | $216K |
| Sep 2017 | $117K | $100K | $219K |
| Dec 2017 | $119K | $102K | $223K |
| Mar 2018 | $121K | $103K | $227K |
| Jun 2018 | $123K | $105K | $230K |
| Sep 2018 | $125K | $107K | $234K |
| Dec 2018 | $125K | $108K | $236K |
| Mar 2019 | $128K | $111K | $239K |
| Jun 2019 | $130K | $112K | $242K |
| Sep 2019 | $130K | $113K | $244K |
| Dec 2019 | $132K | $115K | $247K |
| Mar 2020 | $135K | $119K | $252K |
| Jun 2020 | $136K | $120K | $255K |
| Sep 2020 | $140K | $124K | $260K |
| Dec 2020 | $147K | $131K | $271K |
| Mar 2021 | $153K | $138K | $282K |
| Jun 2021 | $158K | $143K | $296K |
| Sep 2021 | $158K | $144K | $306K |
| Dec 2021 | $157K | $144K | $314K |
| Mar 2022 | $164K | $151K | $330K |
| Jun 2022 | $170K | $158K | $346K |
| Sep 2022 | $171K | $161K | $348K |
| Dec 2022 | $170K | $162K | $345K |
| Mar 2023 | $169K | $162K | $343K |
| Jun 2023 | $174K | $166K | $347K |
| Sep 2023 | $179K | $171K | $352K |
| Dec 2023 | $182K | $174K | $354K |
| Mar 2024 | $184K | $176K | $357K |
| Jun 2024 | $188K | $181K | $361K |
| Sep 2024 | $188K | $184K | $361K |
| Dec 2024 | $191K | $187K | $363K |
| Mar 2025 | $194K | $190K | $364K |
| Jun 2025 | $195K | $191K | $362K |
| Sep 2025 | $196K | $193K | $362K |
| Dec 2025 | $197K | $196K | $364K |
| Mar 2026 | $199K | $198K | $366K |
| Jun 2026 | $200K | $199K | $365K |
| Sep 2026 | $202K | $200K | $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.