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

McKinney

Texas
138
VS

Peoria

Illinois
61

McKinney is 126% more expensive than Peoria.

$1,841/mo ↑ 94%
Median Rent
$951/mo ↓ 48%
$120,273/yr ↑ 105%
Median Income
$58,716/yr ↓ 51%
$439,500 ↑ 194%
Home Value
$149,500 ↓ 66%
$2,101/mo ↑ 109%
Owner Costs
$1,007/mo ↓ 52%
202,314
Population
112,126

Tax Comparison

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

Affordability

18.4%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and Peoria, IL, the overall cost of living indices are 138 and 61 respectively (national median = 100). Rent is $890/month cheaper in Peoria, saving renters about $10,680/year.

Median household income is $61,557/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $149,500 in Peoria.

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

Frequently Asked Questions

McKinney vs Peoria — common questions

Is McKinney or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 138 (US average = 100).
What is the rent difference between McKinney and Peoria?
Median rent in McKinney is $1,841/month and in Peoria it's $951/month — a difference of $890/month.
Which city has higher income, McKinney or Peoria?
Median household income is $120,273 in McKinney and $58,716 in Peoria. Median household income is $61,557/year higher in McKinney.
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 McKinney or Peoria?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/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 McKinney details → View Peoria details →

More Comparisons

Other cost of living comparisons for McKinney and Peoria

McKinney vs. Little Rock McKinney vs. Augusta McKinney vs. Salt Lake City McKinney vs. Oxnard McKinney vs. Columbus McKinney vs. Amarillo Peoria vs. Pompano Beach Peoria vs. Downey Peoria vs. Lansing Peoria vs. Murrieta Peoria vs. Las Cruces Peoria vs. Pueblo