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

Clearwater

Florida
105
VS

Peoria

Illinois
61

Clearwater is 72% more expensive than Peoria.

$1,539/mo ↑ 62%
Median Rent
$951/mo ↓ 38%
$64,440/yr ↑ 10%
Median Income
$58,716/yr ↓ 9%
$326,100 ↑ 118%
Home Value
$149,500 ↓ 54%
$1,411/mo ↑ 40%
Owner Costs
$1,007/mo ↓ 29%
117,075
Population
112,126

Tax Comparison

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

Affordability

28.7%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Clearwater, FL and Peoria, IL, the overall cost of living indices are 105 and 61 respectively (national median = 100). Rent is $588/month cheaper in Peoria, saving renters about $7,056/year.

Median household income is $5,724/year higher in Clearwater. Home values also differ significantly — the median in Clearwater is $326,100 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Clearwater vs Peoria — common questions

Is Clearwater or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 105 (US average = 100).
What is the rent difference between Clearwater and Peoria?
Median rent in Clearwater is $1,539/month and in Peoria it's $951/month — a difference of $588/month.
Which city has higher income, Clearwater or Peoria?
Median household income is $64,440 in Clearwater and $58,716 in Peoria. Median household income is $5,724/year higher in Clearwater.
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 Clearwater or Peoria?
It depends on your priorities. Clearwater has a cost index of 105 with median rent of $1,539/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 Clearwater details → View Peoria details →

More Comparisons

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