Cost of Living: Fargo, ND vs Peoria, IL (2026)

Fargo

North Dakota
73
VS

Peoria

Illinois
61

Fargo is 20% more expensive than Peoria.

$916/mo ↓ 4%
Median Rent
$951/mo ↑ 4%
$66,029/yr ↑ 12%
Median Income
$58,716/yr ↓ 11%
$269,800 ↑ 80%
Home Value
$149,500 ↓ 45%
$997/mo ≈ Same
Owner Costs
$1,007/mo ↑ 1%
129,064
Population
112,126

Tax Comparison

2.5%
Income Tax
4.95%
5.0%
State Sales Tax
6.25%
0.98%
Property Tax
2.07%

Affordability

16.6%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Fargo, ND and Peoria, IL, the overall cost of living indices are 73 and 61 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $7,313/year higher in Fargo. Home values also differ significantly — the median in Fargo is $269,800 compared to $149,500 in Peoria.

North Dakota has a lower income tax rate, making Fargo slightly more tax-friendly.

Frequently Asked Questions

Fargo vs Peoria — common questions

Is Fargo or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 73 (US average = 100).
What is the rent difference between Fargo and Peoria?
Median rent in Fargo is $916/month and in Peoria it's $951/month — a difference of $35/month.
Which city has higher income, Fargo or Peoria?
Median household income is $66,029 in Fargo and $58,716 in Peoria. Median household income is $7,313/year higher in Fargo.
How do taxes compare between North Dakota and Illinois?
North Dakota has 2.5% income tax, 5.0% sales tax, and 0.98% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Fargo or Peoria?
It depends on your priorities. Fargo has a cost index of 73 with median rent of $916/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 Fargo details → View Peoria details →

More Comparisons

Other cost of living comparisons for Fargo and Peoria

Fargo vs. Santa Clara Fargo vs. Norman Fargo vs. Carrollton Fargo vs. Lewisville Fargo vs. New Haven Fargo vs. Lehigh Acres Peoria vs. Pompano Beach Peoria vs. Downey Peoria vs. Lansing Peoria vs. Murrieta Peoria vs. Las Cruces Peoria vs. Pueblo