Cost of Living: Little Rock, AR vs Peoria, IL (2026)

Little Rock

Arkansas
74
VS

Peoria

Illinois
61

Little Rock is 21% more expensive than Peoria.

$1,067/mo ↑ 12%
Median Rent
$951/mo ↓ 11%
$60,583/yr ↑ 3%
Median Income
$58,716/yr ↓ 3%
$221,200 ↑ 48%
Home Value
$149,500 ↓ 32%
$1,099/mo ↑ 9%
Owner Costs
$1,007/mo ↓ 8%
202,739
Population
112,126

Tax Comparison

4.4%
Income Tax
4.95%
6.5%
State Sales Tax
6.25%
0.62%
Property Tax
2.07%

Affordability

21.1%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Little Rock, AR and Peoria, IL, the overall cost of living indices are 74 and 61 respectively (national median = 100). Rent is $116/month cheaper in Peoria, saving renters about $1,392/year.

Median household income is $1,867/year higher in Little Rock. Home values also differ significantly — the median in Little Rock is $221,200 compared to $149,500 in Peoria.

Arkansas has a lower income tax rate, making Little Rock slightly more tax-friendly.

Frequently Asked Questions

Little Rock vs Peoria — common questions

Is Little Rock or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 74 (US average = 100).
What is the rent difference between Little Rock and Peoria?
Median rent in Little Rock is $1,067/month and in Peoria it's $951/month — a difference of $116/month.
Which city has higher income, Little Rock or Peoria?
Median household income is $60,583 in Little Rock and $58,716 in Peoria. Median household income is $1,867/year higher in Little Rock.
How do taxes compare between Arkansas and Illinois?
Arkansas has 4.4% income tax, 6.5% sales tax, and 0.62% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Little Rock or Peoria?
It depends on your priorities. Little Rock has a cost index of 74 with median rent of $1,067/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 Little Rock details → View Peoria details →

More Comparisons

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