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

Lewisville

Texas
112
VS

Peoria

Illinois
61

Lewisville is 84% more expensive than Peoria.

$1,572/mo ↑ 65%
Median Rent
$951/mo ↓ 40%
$85,002/yr ↑ 45%
Median Income
$58,716/yr ↓ 31%
$350,200 ↑ 134%
Home Value
$149,500 ↓ 57%
$1,631/mo ↑ 62%
Owner Costs
$1,007/mo ↓ 38%
128,313
Population
112,126

Tax Comparison

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

Affordability

22.2%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Lewisville, TX and Peoria, IL, the overall cost of living indices are 112 and 61 respectively (national median = 100). Rent is $621/month cheaper in Peoria, saving renters about $7,452/year.

Median household income is $26,286/year higher in Lewisville. Home values also differ significantly — the median in Lewisville is $350,200 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Lewisville vs Peoria — common questions

Is Lewisville or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 112 (US average = 100).
What is the rent difference between Lewisville and Peoria?
Median rent in Lewisville is $1,572/month and in Peoria it's $951/month — a difference of $621/month.
Which city has higher income, Lewisville or Peoria?
Median household income is $85,002 in Lewisville and $58,716 in Peoria. Median household income is $26,286/year higher in Lewisville.
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 Lewisville or Peoria?
It depends on your priorities. Lewisville has a cost index of 112 with median rent of $1,572/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 Lewisville details → View Peoria details →

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