Cost of Living: Indianapolis, IN vs Peoria, AZ (2026)

Indianapolis

Indiana
74
VS

Peoria

Arizona
125

Indianapolis is 41% cheaper than Peoria.

$1,112/mo ↓ 36%
Median Rent
$1,743/mo ↑ 57%
$62,995/yr ↓ 33%
Median Income
$93,403/yr ↑ 48%
$207,000 ↓ 52%
Home Value
$429,400 ↑ 107%
$1,124/mo ↓ 29%
Owner Costs
$1,589/mo ↑ 41%
882,043
Population
194,338

Tax Comparison

3.05%
Income Tax
2.5%
7.0%
State Sales Tax
5.6%
0.83%
Property Tax
0.62%

Affordability

21.2%
rent-to-income
Affordability
22.4%
rent-to-income

Detailed Comparison

When comparing Indianapolis, IN and Peoria, AZ, the overall cost of living indices are 74 and 125 respectively (national median = 100). Rent is $631/month cheaper in Indianapolis, saving renters about $7,572/year.

Median household income is $30,408/year higher in Peoria. Home values also differ significantly — the median in Indianapolis is $207,000 compared to $429,400 in Peoria.

Arizona has a lower income tax rate, making Peoria slightly more tax-friendly.

Frequently Asked Questions

Indianapolis vs Peoria — common questions

Is Indianapolis or Peoria cheaper to live in?
Based on our cost index, Indianapolis is cheaper to live in with an index of 74 compared to 125 (US average = 100).
What is the rent difference between Indianapolis and Peoria?
Median rent in Indianapolis is $1,112/month and in Peoria it's $1,743/month — a difference of $631/month.
Which city has higher income, Indianapolis or Peoria?
Median household income is $62,995 in Indianapolis and $93,403 in Peoria. Median household income is $30,408/year higher in Peoria.
How do taxes compare between Indiana and Arizona?
Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax. Arizona has 2.5% income tax, 5.6% sales tax, and 0.62% property tax.
Should I move to Indianapolis or Peoria?
It depends on your priorities. Indianapolis has a cost index of 74 with median rent of $1,112/mo, while Peoria has a cost index of 125 with rent of $1,743/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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