Cost of Living: Jackson, MS vs Peoria, IL (2026)

Jackson

Mississippi
58
VS

Peoria

Illinois
61

Jackson is 5% cheaper than Peoria.

$1,018/mo ↑ 7%
Median Rent
$951/mo ↓ 7%
$43,238/yr ↓ 26%
Median Income
$58,716/yr ↑ 36%
$108,200 ↓ 28%
Home Value
$149,500 ↑ 38%
$956/mo ↓ 5%
Owner Costs
$1,007/mo ↑ 5%
149,827
Population
112,126

Tax Comparison

5.0%
Income Tax
4.95%
7.0%
State Sales Tax
6.25%
0.67%
Property Tax
2.07%

Affordability

28.3%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Jackson, MS and Peoria, IL, the overall cost of living indices are 58 and 61 respectively (national median = 100). Rent is $67/month cheaper in Peoria, saving renters about $804/year.

Median household income is $15,478/year higher in Peoria. Home values also differ significantly — the median in Jackson is $108,200 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Jackson vs Peoria — common questions

Is Jackson or Peoria cheaper to live in?
Based on our cost index, Jackson is cheaper to live in with an index of 58 compared to 61 (US average = 100).
What is the rent difference between Jackson and Peoria?
Median rent in Jackson is $1,018/month and in Peoria it's $951/month — a difference of $67/month.
Which city has higher income, Jackson or Peoria?
Median household income is $43,238 in Jackson and $58,716 in Peoria. Median household income is $15,478/year higher in Peoria.
How do taxes compare between Mississippi and Illinois?
Mississippi has 5.0% income tax, 7.0% sales tax, and 0.67% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Jackson or Peoria?
It depends on your priorities. Jackson has a cost index of 58 with median rent of $1,018/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 Jackson details → View Peoria details →

More Comparisons

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