Cost of Living: Detroit, MI vs Peoria, IL (2026)

Detroit

Michigan
53
VS

Peoria

Illinois
61

Detroit is 13% cheaper than Peoria.

$1,034/mo ↑ 9%
Median Rent
$951/mo ↓ 8%
$39,575/yr ↓ 33%
Median Income
$58,716/yr ↑ 48%
$76,800 ↓ 49%
Home Value
$149,500 ↑ 95%
$868/mo ↓ 14%
Owner Costs
$1,007/mo ↑ 16%
636,644
Population
112,126

Tax Comparison

4.25%
Income Tax
4.95%
6.0%
State Sales Tax
6.25%
1.38%
Property Tax
2.07%

Affordability

31.4%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Detroit, MI and Peoria, IL, the overall cost of living indices are 53 and 61 respectively (national median = 100). Rent is $83/month cheaper in Peoria, saving renters about $996/year.

Median household income is $19,141/year higher in Peoria. Home values also differ significantly — the median in Detroit is $76,800 compared to $149,500 in Peoria.

Michigan has a lower income tax rate, making Detroit slightly more tax-friendly.

Frequently Asked Questions

Detroit vs Peoria — common questions

Is Detroit or Peoria cheaper to live in?
Based on our cost index, Detroit is cheaper to live in with an index of 53 compared to 61 (US average = 100).
What is the rent difference between Detroit and Peoria?
Median rent in Detroit is $1,034/month and in Peoria it's $951/month — a difference of $83/month.
Which city has higher income, Detroit or Peoria?
Median household income is $39,575 in Detroit and $58,716 in Peoria. Median household income is $19,141/year higher in Peoria.
How do taxes compare between Michigan and Illinois?
Michigan has 4.25% income tax, 6.0% sales tax, and 1.38% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Detroit or Peoria?
It depends on your priorities. Detroit has a cost index of 53 with median rent of $1,034/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 Detroit details → View Peoria details →

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