Miami, FL vs Peoria, IL: 129 vs 61

$1,657/mo ↑ 74%

Median Rent

$951/mo ↓ 43%

$59,390/yr ↑ 1%

Median Income

$58,716/yr ↓ 1%

$475,200 ↑ 218%

Home Value

$149,500 ↓ 69%

$1,666/mo ↑ 65%

Owner Costs

$1,007/mo ↓ 40%

446,663

Population

112,126

Detailed Comparison

When comparing Miami, FL and Peoria, IL, the overall cost of living indices are 129 and 61 respectively (national median = 100). Rent is $706/month cheaper in Peoria, saving renters about $8,472/year.

Median household income is $674/year higher in Miami. Home values also differ significantly — the median in Miami is $475,200 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Miami vs Peoria — common questions

Is Miami or Peoria cheaper to live in?

Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 129 (US average = 100).

What is the rent difference between Miami and Peoria?

Median rent in Miami is $1,657/month and in Peoria it's $951/month — a difference of $706/month.

Which city has higher income, Miami or Peoria?

Median household income is $59,390 in Miami and $58,716 in Peoria. Median household income is $674/year higher in Miami.

How do taxes compare between Florida and Illinois?

Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.

Should I move to Miami or Peoria?

It depends on your priorities. Miami has a cost index of 129 with median rent of $1,657/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.

Cost of Living: Miami, FL vs Peoria, IL (2026)

Miami

Peoria

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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