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

Irving

Texas
102
VS

Peoria

Illinois
61

Irving is 67% more expensive than Peoria.

$1,517/mo ↑ 60%
Median Rent
$951/mo ↓ 37%
$79,641/yr ↑ 36%
Median Income
$58,716/yr ↓ 26%
$287,300 ↑ 92%
Home Value
$149,500 ↓ 48%
$1,521/mo ↑ 51%
Owner Costs
$1,007/mo ↓ 34%
255,036
Population
112,126

Tax Comparison

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

Affordability

22.9%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Irving, TX and Peoria, IL, the overall cost of living indices are 102 and 61 respectively (national median = 100). Rent is $566/month cheaper in Peoria, saving renters about $6,792/year.

Median household income is $20,925/year higher in Irving. Home values also differ significantly — the median in Irving is $287,300 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Irving vs Peoria — common questions

Is Irving or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 102 (US average = 100).
What is the rent difference between Irving and Peoria?
Median rent in Irving is $1,517/month and in Peoria it's $951/month — a difference of $566/month.
Which city has higher income, Irving or Peoria?
Median household income is $79,641 in Irving and $58,716 in Peoria. Median household income is $20,925/year higher in Irving.
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 Irving or Peoria?
It depends on your priorities. Irving has a cost index of 102 with median rent of $1,517/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.
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More Comparisons

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