Cost of Living: Austin, TX vs Peoria, IL (2026)

Austin

Texas
134
VS

Peoria

Illinois
61

Austin is 120% more expensive than Peoria.

$1,655/mo ↑ 74%
Median Rent
$951/mo ↓ 43%
$91,461/yr ↑ 56%
Median Income
$58,716/yr ↓ 36%
$512,700 ↑ 243%
Home Value
$149,500 ↓ 71%
$1,747/mo ↑ 73%
Owner Costs
$1,007/mo ↓ 42%
967,862
Population
112,126

Tax Comparison

0%
Income Tax
4.95%
6.25%
State Sales Tax
6.25%
1.6%
Property Tax
2.07%

Affordability

21.7%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Austin, TX and Peoria, IL, the overall cost of living indices are 134 and 61 respectively (national median = 100). Rent is $704/month cheaper in Peoria, saving renters about $8,448/year.

Median household income is $32,745/year higher in Austin. Home values also differ significantly — the median in Austin is $512,700 compared to $149,500 in Peoria.

Texas has no state income tax, giving Austin residents a significant tax advantage over Illinois's 4.95% rate.

Frequently Asked Questions

Austin vs Peoria — common questions

Is Austin or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 134 (US average = 100).
What is the rent difference between Austin and Peoria?
Median rent in Austin is $1,655/month and in Peoria it's $951/month — a difference of $704/month.
Which city has higher income, Austin or Peoria?
Median household income is $91,461 in Austin and $58,716 in Peoria. Median household income is $32,745/year higher in Austin.
How do taxes compare between Texas and Illinois?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Austin or Peoria?
It depends on your priorities. Austin has a cost index of 134 with median rent of $1,655/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 Austin details → View Peoria details →

More Comparisons

Other cost of living comparisons for Austin and Peoria

Austin vs. San Jose Austin vs. Jacksonville Austin vs. Dallas Austin vs. Fort Worth Austin vs. San Diego Austin vs. Columbus Peoria vs. Pompano Beach Peoria vs. Downey Peoria vs. Lansing Peoria vs. Murrieta Peoria vs. Las Cruces Peoria vs. Pueblo