Cost of Living: Grand Prairie, TX vs Peoria, IL (2026)

Grand Prairie

Texas
98
VS

Peoria

Illinois
61

Grand Prairie is 61% more expensive than Peoria.

$1,470/mo ↑ 55%
Median Rent
$951/mo ↓ 35%
$78,889/yr ↑ 34%
Median Income
$58,716/yr ↓ 26%
$272,200 ↑ 82%
Home Value
$149,500 ↓ 45%
$1,480/mo ↑ 47%
Owner Costs
$1,007/mo ↓ 32%
198,564
Population
112,126

Tax Comparison

0%
Income Tax
4.95%
6.25%
State Sales Tax
6.25%
1.6%
Property Tax
2.07%

Affordability

22.4%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Grand Prairie, TX and Peoria, IL, the overall cost of living indices are 98 and 61 respectively (national median = 100). Rent is $519/month cheaper in Peoria, saving renters about $6,228/year.

Median household income is $20,173/year higher in Grand Prairie. Home values also differ significantly — the median in Grand Prairie is $272,200 compared to $149,500 in Peoria.

Texas has no state income tax, giving Grand Prairie residents a significant tax advantage over Illinois's 4.95% rate.

Frequently Asked Questions

Grand Prairie vs Peoria — common questions

Is Grand Prairie or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 98 (US average = 100).
What is the rent difference between Grand Prairie and Peoria?
Median rent in Grand Prairie is $1,470/month and in Peoria it's $951/month — a difference of $519/month.
Which city has higher income, Grand Prairie or Peoria?
Median household income is $78,889 in Grand Prairie and $58,716 in Peoria. Median household income is $20,173/year higher in Grand Prairie.
How do taxes compare between Texas and Illinois?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Grand Prairie or Peoria?
It depends on your priorities. Grand Prairie has a cost index of 98 with median rent of $1,470/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 Grand Prairie details → View Peoria details →

More Comparisons

Other cost of living comparisons for Grand Prairie and Peoria

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