City comparison
New York, NY vs Toledo, OH
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Prices in New York, NY are 23.1% higher than in Toledo, OH. Someone earning $100,000 in Toledo, OH would need about $123,100 in New York, NY to live the same way.
- Rent is the bigger story: a typical 1-bedroom costs $2,655 a month in New York, NY versus $820 in Toledo, OH. On $100,000, that's 43% of take-home pay in New York, NY and 13% in Toledo, OH.
- On $100,000, estimated state income tax is about $2,892 a year higher in New York, NY than in Toledo, OH.
- For federal employees, locality pay changes a GS-13 step 1 salary by −15.1% moving from New York, NY to Toledo, OH ($125,431 → $106,437), while prices change by −18.8%. Net effect of the transfer: +4.4% in real buying power.
- New York, NY: price level 112.6 (much pricier)
- 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
| New York, NY | Toledo, OH | |
|---|---|---|
| Price level (U.S. = 100)2 | 112.6 | 91.5 |
| $100,000 is worth, in the other city2 | $81,248 in Toledo | $123,080 in New York |
| Typical 1-bedroom rent3 | $2,655/mo | $820/mo |
| Take-home on $100,00014,15,8 | $74,320 | $77,212 |
| State income tax on $100,000 (estimate)8 | $4,860 (NY) | $1,968 (OH) |
| Rent burden on $100,000 | 43% | 13% |
| Median pay, all jobs4 | $61,430 | $48,220 |
| Federal locality pay area7 | New York-Newark, NY-NJ-CT-PA | Rest of U.S. |
Rent areas: New York, NY HUD Metro FMR Area and Toledo, OH MSA. Metro areas: New York-Newark-Jersey City, NY-NJ and Toledo, OH.
What costs more or less
| Price level (U.S. = 100) | New York | Toledo |
|---|---|---|
| Housing (rent) | 148.6 | 67.3 |
| Goods | 110.3 | 93.6 |
| Utilities | 127.0 | 96.3 |
| Other services | 105.8 | 98.9 |
| Overall | 112.6 | 91.5 |
Moving with the same $100,000 salary
New York, NY → Toledo, OH
Same pay goes further
Buying power +23.1%; rent takes 13% of take-home; state tax −$2,892/yr.
100 Strong offer
Toledo, OH → New York, NY
Same pay buys less
Buying power −18.8%; rent takes 43% of take-home; state tax +$2,892/yr.
11 Weak offer
On the GS pay scale?
New York, NY is in the New York-Newark, NY-NJ-CT-PA pay area; Toledo, OH is in Rest of U.S.. The last column shows what a transfer from New York, NY to Toledo, OH at the same grade and step does to real buying power.
| Grade5,2 | New York, NY | Toledo, OH | Real change, New York → Toledo |
|---|---|---|---|
| GS-9 step 1 | $72,737 | $61,722 | +4.4% |
| GS-11 step 1 | $88,005 | $74,678 | +4.4% |
| GS-12 step 1 | $105,481 | $89,508 | +4.4% |
| GS-13 step 1 | $125,431 | $106,437 | +4.4% |
| GS-14 step 1 | $148,222 | $125,776 | +4.4% |
Pay for common jobs
| Median annual pay4 | New York, NY | Toledo, OH | Toledo pay in New York dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $96,900 | $63,250 | $77,848 (−19.7%) |
| Software Developers | $166,830 | $104,360 | $128,447 (−23.0%) |
| Accountants and Auditors | $105,650 | $77,400 | $95,264 (−9.8%) |
| Registered Nurses | $119,720 | $81,050 | $99,757 (−16.7%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.