Cost of Living: Chesapeake, VA vs Peoria, IL (2026)

Chesapeake

Virginia
112
VS

Peoria

Illinois
61

Chesapeake is 84% more expensive than Peoria.

$1,523/mo ↑ 60%
Median Rent
$951/mo ↓ 38%
$94,189/yr ↑ 60%
Median Income
$58,716/yr ↓ 38%
$359,100 ↑ 140%
Home Value
$149,500 ↓ 58%
$1,680/mo ↑ 67%
Owner Costs
$1,007/mo ↓ 40%
251,153
Population
112,126

Tax Comparison

5.75%
Income Tax
4.95%
5.3%
State Sales Tax
6.25%
0.8%
Property Tax
2.07%

Affordability

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

Detailed Comparison

When comparing Chesapeake, VA and Peoria, IL, the overall cost of living indices are 112 and 61 respectively (national median = 100). Rent is $572/month cheaper in Peoria, saving renters about $6,864/year.

Median household income is $35,473/year higher in Chesapeake. Home values also differ significantly — the median in Chesapeake is $359,100 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Chesapeake vs Peoria — common questions

Is Chesapeake or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 112 (US average = 100).
What is the rent difference between Chesapeake and Peoria?
Median rent in Chesapeake is $1,523/month and in Peoria it's $951/month — a difference of $572/month.
Which city has higher income, Chesapeake or Peoria?
Median household income is $94,189 in Chesapeake and $58,716 in Peoria. Median household income is $35,473/year higher in Chesapeake.
How do taxes compare between Virginia and Illinois?
Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Chesapeake or Peoria?
It depends on your priorities. Chesapeake has a cost index of 112 with median rent of $1,523/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 Chesapeake details → View Peoria details →

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