Cost of Living: Fayetteville, NC vs Peoria, IL (2026)

Fayetteville

North Carolina
73
VS

Peoria

Illinois
61

Fayetteville is 20% more expensive than Peoria.

$1,179/mo ↑ 24%
Median Rent
$951/mo ↓ 19%
$56,395/yr ↓ 4%
Median Income
$58,716/yr ↑ 4%
$171,900 ↑ 15%
Home Value
$149,500 ↓ 13%
$1,156/mo ↑ 15%
Owner Costs
$1,007/mo ↓ 13%
209,692
Population
112,126

Tax Comparison

4.5%
Income Tax
4.95%
4.75%
State Sales Tax
6.25%
0.8%
Property Tax
2.07%

Affordability

25.1%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Fayetteville, NC and Peoria, IL, the overall cost of living indices are 73 and 61 respectively (national median = 100). Rent is $228/month cheaper in Peoria, saving renters about $2,736/year.

Median household income is $2,321/year higher in Peoria. Home values also differ significantly — the median in Fayetteville is $171,900 compared to $149,500 in Peoria.

North Carolina has a lower income tax rate, making Fayetteville slightly more tax-friendly.

Frequently Asked Questions

Fayetteville vs Peoria — common questions

Is Fayetteville 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 Fayetteville and Peoria?
Median rent in Fayetteville is $1,179/month and in Peoria it's $951/month — a difference of $228/month.
Which city has higher income, Fayetteville or Peoria?
Median household income is $56,395 in Fayetteville and $58,716 in Peoria. Median household income is $2,321/year higher in Peoria.
How do taxes compare between North Carolina and Illinois?
North Carolina has 4.5% income tax, 4.75% 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 Fayetteville or Peoria?
It depends on your priorities. Fayetteville has a cost index of 73 with median rent of $1,179/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 Fayetteville details → View Peoria details →

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