City comparison
Akron, OH vs Toledo, OH
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Prices in Akron, OH are 2.1% higher than in Toledo, OH. Someone earning $100,000 in Toledo, OH would need about $102,100 in Akron, OH to live the same way.
- Rent is the bigger story: a typical 1-bedroom costs $985 a month in Akron, OH versus $820 in Toledo, OH. On $100,000, that's 15% of take-home pay in Akron, OH and 13% in Toledo, OH.
- Both are in OH, so estimated state income tax is the same: $1,968 a year on $100,000.
- For federal employees, locality pay changes a GS-13 step 1 salary by −4.2% moving from Akron, OH to Toledo, OH ($111,138 → $106,437), while prices change by −2.1%. Net effect of the transfer: −2.2% in real buying power.
- Akron, OH: price level 93.4 (cheaper)
- Toledo, OH: price level 91.5 (much cheaper)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Akron, OH | Toledo, OH | |
|---|---|---|
| Price level (U.S. = 100)2 | 93.4 | 91.5 |
| $100,000 is worth, in the other city2 | $97,949 in Toledo | $102,094 in Akron |
| Typical 1-bedroom rent3 | $985/mo | $820/mo |
| Take-home on $100,00014,15,8 | $77,212 | $77,212 |
| State income tax on $100,000 (estimate)8 | $1,968 (OH) | $1,968 (OH) |
| Rent burden on $100,000 | 15% | 13% |
| Median pay, all jobs4 | $48,840 | $48,220 |
| Federal locality pay area7 | Cleveland-Akron-Canton, OH-PA | Rest of U.S. |
Rent areas: Akron, OH MSA and Toledo, OH MSA. Metro areas: Akron, OH and Toledo, OH.
What costs more or less
| Price level (U.S. = 100) | Akron | Toledo |
|---|---|---|
| Housing (rent) | 76.8 | 67.3 |
| Goods | 93.6 | 93.6 |
| Utilities | 96.4 | 96.3 |
| Other services | 98.9 | 98.9 |
| Overall | 93.4 | 91.5 |
Moving with the same $100,000 salary
Akron, OH → Toledo, OH
Same pay goes further
Buying power +2.1%; rent takes 13% of take-home; state tax +$0/yr.
75 Strong offer
Toledo, OH → Akron, OH
Same pay buys less
Buying power −2.1%; rent takes 15% of take-home; state tax +$0/yr.
62 Fair offer
On the GS pay scale?
Akron, OH is in the Cleveland-Akron-Canton, OH-PA pay area; Toledo, OH is in Rest of U.S.. The last column shows what a transfer from Akron, OH to Toledo, OH at the same grade and step does to real buying power.
| Grade5,2 | Akron, OH | Toledo, OH | Real change, Akron → Toledo |
|---|---|---|---|
| GS-9 step 1 | $64,448 | $61,722 | −2.2% |
| GS-11 step 1 | $77,977 | $74,678 | −2.2% |
| GS-12 step 1 | $93,461 | $89,508 | −2.2% |
| GS-13 step 1 | $111,138 | $106,437 | −2.2% |
| GS-14 step 1 | $131,331 | $125,776 | −2.2% |
Pay for common jobs
| Median annual pay4 | Akron, OH | Toledo, OH | Toledo pay in Akron dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $78,560 | $63,250 | $64,574 (−17.8%) |
| Software Developers | $105,430 | $104,360 | $106,545 (+1.1%) |
| Accountants and Auditors | $78,540 | $77,400 | $79,021 (+0.6%) |
| Registered Nurses | $80,770 | $81,050 | $82,747 (+2.4%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.