Cost of Living: Lansing, MI vs Peoria, IL (2026)

Lansing

Michigan
58
VS

Peoria

Illinois
61

Lansing is 3% cheaper than Peoria.

$976/mo ↑ 3%
Median Rent
$951/mo ↓ 3%
$52,170/yr ↓ 11%
Median Income
$58,716/yr ↑ 13%
$119,400 ↓ 20%
Home Value
$149,500 ↑ 25%
$978/mo ↓ 3%
Owner Costs
$1,007/mo ↑ 3%
112,546
Population
112,126

Tax Comparison

4.25%
Income Tax
4.95%
6.0%
Sales Tax
6.25%
1.38%
Property Tax
2.07%

Affordability

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

Detailed Comparison

When comparing Lansing, MI and Peoria, IL, the overall cost of living indices are 58 and 61 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $6,546/year higher in Peoria. Home values also differ significantly — the median in Lansing is $119,400 compared to $149,500 in Peoria.

Michigan has a lower income tax rate, making Lansing slightly more tax-friendly.

Frequently Asked Questions

Lansing vs Peoria — common questions

Is Lansing or Peoria cheaper to live in?
Based on our cost index, Lansing is cheaper to live in with an index of 58 compared to 61 (US average = 100).
What is the rent difference between Lansing and Peoria?
Median rent in Lansing is $976/month and in Peoria it's $951/month — a difference of $25/month.
Which city has higher income, Lansing or Peoria?
Median household income is $52,170 in Lansing and $58,716 in Peoria. Median household income is $6,546/year higher in Peoria.
How do taxes compare between Michigan and Illinois?
Michigan has 4.25% income tax, 6.0% sales tax, and 1.38% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Lansing or Peoria?
It depends on your priorities. Lansing has a cost index of 58 with median rent of $976/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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