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

Midland

Texas
99
VS

Peoria

Illinois
61

Midland is 62% more expensive than Peoria.

$1,407/mo ↑ 48%
Median Rent
$951/mo ↓ 32%
$91,169/yr ↑ 55%
Median Income
$58,716/yr ↓ 36%
$298,600 ↑ 100%
Home Value
$149,500 ↓ 50%
$1,468/mo ↑ 46%
Owner Costs
$1,007/mo ↓ 31%
133,998
Population
112,126

Tax Comparison

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

Affordability

18.5%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Midland, TX and Peoria, IL, the overall cost of living indices are 99 and 61 respectively (national median = 100). Rent is $456/month cheaper in Peoria, saving renters about $5,472/year.

Median household income is $32,453/year higher in Midland. Home values also differ significantly — the median in Midland is $298,600 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Midland vs Peoria — common questions

Is Midland or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 99 (US average = 100).
What is the rent difference between Midland and Peoria?
Median rent in Midland is $1,407/month and in Peoria it's $951/month — a difference of $456/month.
Which city has higher income, Midland or Peoria?
Median household income is $91,169 in Midland and $58,716 in Peoria. Median household income is $32,453/year higher in Midland.
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 Midland or Peoria?
It depends on your priorities. Midland has a cost index of 99 with median rent of $1,407/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 Midland details → View Peoria details →

More Comparisons

Other cost of living comparisons for Midland and Peoria

Midland vs. Kent Midland vs. Coral Springs Midland vs. Stamford Midland vs. Sterling Heights Midland vs. Elizabeth Midland vs. New Haven Peoria vs. Pompano Beach Peoria vs. Downey Peoria vs. Lansing Peoria vs. Murrieta Peoria vs. Las Cruces Peoria vs. Pueblo