Cost of Living: Akron, OH vs Peoria, IL (2026)

Akron

Ohio
55
VS

Peoria

Illinois
61

Akron is 6% cheaper than Peoria.

$930/mo ↓ 2%
Median Rent
$951/mo ↑ 2%
$48,544/yr ↓ 17%
Median Income
$58,716/yr ↑ 21%
$111,200 ↓ 26%
Home Value
$149,500 ↑ 34%
$904/mo ↓ 10%
Owner Costs
$1,007/mo ↑ 11%
189,526
Population
112,126

Tax Comparison

3.5%
Income Tax
4.95%
5.75%
Sales Tax
6.25%
1.53%
Property Tax
2.07%

Affordability

23.0%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Akron, OH and Peoria, IL, the overall cost of living indices are 55 and 61 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $10,172/year higher in Peoria. Home values also differ significantly — the median in Akron is $111,200 compared to $149,500 in Peoria.

Ohio has a lower income tax rate, making Akron slightly more tax-friendly.

Frequently Asked Questions

Akron vs Peoria — common questions

Is Akron or Peoria cheaper to live in?
Based on our cost index, Akron is cheaper to live in with an index of 55 compared to 61 (US average = 100).
What is the rent difference between Akron and Peoria?
Median rent in Akron is $930/month and in Peoria it's $951/month — a difference of $21/month.
Which city has higher income, Akron or Peoria?
Median household income is $48,544 in Akron and $58,716 in Peoria. Median household income is $10,172/year higher in Peoria.
How do taxes compare between Ohio and Illinois?
Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Akron or Peoria?
It depends on your priorities. Akron has a cost index of 55 with median rent of $930/mo, while Peoria has a cost index of 61 with rent of $951/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Akron details → View Peoria details →