Cost of Living: Cape Coral, FL vs Peoria, IL (2026)

Cape Coral

Florida
114
VS

Peoria

Illinois
61

Cape Coral is 87% more expensive than Peoria.

$1,751/mo ↑ 84%
Median Rent
$951/mo ↓ 46%
$76,062/yr ↑ 30%
Median Income
$58,716/yr ↓ 23%
$339,200 ↑ 127%
Home Value
$149,500 ↓ 56%
$1,523/mo ↑ 51%
Owner Costs
$1,007/mo ↓ 34%
206,387
Population
112,126

Tax Comparison

0%
Income Tax
4.95%
6.0%
State Sales Tax
6.25%
0.86%
Property Tax
2.07%

Affordability

27.6%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Cape Coral, FL and Peoria, IL, the overall cost of living indices are 114 and 61 respectively (national median = 100). Rent is $800/month cheaper in Peoria, saving renters about $9,600/year.

Median household income is $17,346/year higher in Cape Coral. Home values also differ significantly — the median in Cape Coral is $339,200 compared to $149,500 in Peoria.

Florida has no state income tax, giving Cape Coral residents a significant tax advantage over Illinois's 4.95% rate.

Frequently Asked Questions

Cape Coral vs Peoria — common questions

Is Cape Coral or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 114 (US average = 100).
What is the rent difference between Cape Coral and Peoria?
Median rent in Cape Coral is $1,751/month and in Peoria it's $951/month — a difference of $800/month.
Which city has higher income, Cape Coral or Peoria?
Median household income is $76,062 in Cape Coral and $58,716 in Peoria. Median household income is $17,346/year higher in Cape Coral.
How do taxes compare between Florida and Illinois?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Cape Coral or Peoria?
It depends on your priorities. Cape Coral has a cost index of 114 with median rent of $1,751/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 Cape Coral details → View Peoria details →

More Comparisons

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