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

Laredo

Texas
67
VS

Peoria

Illinois
61

Laredo is 10% more expensive than Peoria.

$1,001/mo ↑ 5%
Median Rent
$951/mo ↓ 5%
$63,264/yr ↑ 8%
Median Income
$58,716/yr ↓ 7%
$182,400 ↑ 22%
Home Value
$149,500 ↓ 18%
$1,066/mo ↑ 6%
Owner Costs
$1,007/mo ↓ 6%
255,949
Population
112,126

Tax Comparison

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

Affordability

19.0%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Laredo, TX and Peoria, IL, the overall cost of living indices are 67 and 61 respectively (national median = 100). Rent is $50/month cheaper in Peoria, saving renters about $600/year.

Median household income is $4,548/year higher in Laredo. Home values also differ significantly — the median in Laredo is $182,400 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Laredo vs Peoria — common questions

Is Laredo or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 67 (US average = 100).
What is the rent difference between Laredo and Peoria?
Median rent in Laredo is $1,001/month and in Peoria it's $951/month — a difference of $50/month.
Which city has higher income, Laredo or Peoria?
Median household income is $63,264 in Laredo and $58,716 in Peoria. Median household income is $4,548/year higher in Laredo.
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 Laredo or Peoria?
It depends on your priorities. Laredo has a cost index of 67 with median rent of $1,001/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 Laredo details → View Peoria details →

More Comparisons

Other cost of living comparisons for Laredo and Peoria

Laredo vs. St. Petersburg Laredo vs. Irving Laredo vs. Lubbock Laredo vs. Chesapeake Laredo vs. Fort Wayne Laredo vs. Winston-Salem Peoria vs. Pompano Beach Peoria vs. Downey Peoria vs. Lansing Peoria vs. Murrieta Peoria vs. Las Cruces Peoria vs. Pueblo