Cost of Living: Nashville, TN vs Peoria, IL (2026)

Nashville

Tennessee
110
VS

Peoria

Illinois
61

Nashville is 80% more expensive than Peoria.

$1,486/mo ↑ 56%
Median Rent
$951/mo ↓ 36%
$75,197/yr ↑ 28%
Median Income
$58,716/yr ↓ 22%
$383,100 ↑ 156%
Home Value
$149,500 ↓ 61%
$1,471/mo ↑ 46%
Owner Costs
$1,007/mo ↓ 32%
684,298
Population
112,126

Tax Comparison

0%
Income Tax
4.95%
7.0%
State Sales Tax
6.25%
0.64%
Property Tax
2.07%

Affordability

23.7%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Nashville, TN and Peoria, IL, the overall cost of living indices are 110 and 61 respectively (national median = 100). Rent is $535/month cheaper in Peoria, saving renters about $6,420/year.

Median household income is $16,481/year higher in Nashville. Home values also differ significantly — the median in Nashville is $383,100 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Nashville vs Peoria — common questions

Is Nashville or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 110 (US average = 100).
What is the rent difference between Nashville and Peoria?
Median rent in Nashville is $1,486/month and in Peoria it's $951/month — a difference of $535/month.
Which city has higher income, Nashville or Peoria?
Median household income is $75,197 in Nashville and $58,716 in Peoria. Median household income is $16,481/year higher in Nashville.
How do taxes compare between Tennessee and Illinois?
Tennessee has 0% income tax, 7.0% sales tax, and 0.64% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Nashville or Peoria?
It depends on your priorities. Nashville has a cost index of 110 with median rent of $1,486/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 Nashville details → View Peoria details →

More Comparisons

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