Cost of Living: Cedar Rapids, IA vs Peoria, IL (2026)

Cedar Rapids

Iowa
65
VS

Peoria

Illinois
61

Cedar Rapids is 7% more expensive than Peoria.

$925/mo ↓ 3%
Median Rent
$951/mo ↑ 3%
$67,859/yr ↑ 16%
Median Income
$58,716/yr ↓ 13%
$177,100 ↑ 18%
Home Value
$149,500 ↓ 16%
$1,084/mo ↑ 8%
Owner Costs
$1,007/mo ↓ 7%
136,859
Population
112,126

Tax Comparison

5.7%
Income Tax
4.95%
6.0%
State Sales Tax
6.25%
1.57%
Property Tax
2.07%

Affordability

16.4%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Cedar Rapids, IA and Peoria, IL, the overall cost of living indices are 65 and 61 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $9,143/year higher in Cedar Rapids. Home values also differ significantly — the median in Cedar Rapids is $177,100 compared to $149,500 in Peoria.

Illinois has a lower income tax rate, making Peoria slightly more tax-friendly.

Frequently Asked Questions

Cedar Rapids vs Peoria — common questions

Is Cedar Rapids or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 65 (US average = 100).
What is the rent difference between Cedar Rapids and Peoria?
Median rent in Cedar Rapids is $925/month and in Peoria it's $951/month — a difference of $26/month.
Which city has higher income, Cedar Rapids or Peoria?
Median household income is $67,859 in Cedar Rapids and $58,716 in Peoria. Median household income is $9,143/year higher in Cedar Rapids.
How do taxes compare between Iowa and Illinois?
Iowa has 5.7% income tax, 6.0% sales tax, and 1.57% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Cedar Rapids or Peoria?
It depends on your priorities. Cedar Rapids has a cost index of 65 with median rent of $925/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 Cedar Rapids details → View Peoria details →

More Comparisons

Other cost of living comparisons for Cedar Rapids and Peoria

Cedar Rapids vs. Hampton Cedar Rapids vs. Dayton Cedar Rapids vs. West Valley City Cedar Rapids vs. Pasadena Cedar Rapids vs. Columbia Cedar Rapids vs. Miramar Peoria vs. Pompano Beach Peoria vs. Downey Peoria vs. Lansing Peoria vs. Murrieta Peoria vs. Las Cruces Peoria vs. Pueblo