Cost of Living: New Orleans, LA vs Peoria, IL (2026)

New Orleans

Louisiana
90
VS

Peoria

Illinois
61

New Orleans is 48% more expensive than Peoria.

$1,211/mo ↑ 27%
Median Rent
$951/mo ↓ 21%
$55,339/yr ↓ 6%
Median Income
$58,716/yr ↑ 6%
$296,400 ↑ 98%
Home Value
$149,500 ↓ 50%
$1,274/mo ↑ 27%
Owner Costs
$1,007/mo ↓ 21%
376,035
Population
112,126

Tax Comparison

4.25%
Income Tax
4.95%
4.45%
State Sales Tax
6.25%
0.55%
Property Tax
2.07%

Affordability

26.3%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing New Orleans, LA and Peoria, IL, the overall cost of living indices are 90 and 61 respectively (national median = 100). Rent is $260/month cheaper in Peoria, saving renters about $3,120/year.

Median household income is $3,377/year higher in Peoria. Home values also differ significantly — the median in New Orleans is $296,400 compared to $149,500 in Peoria.

Louisiana has a lower income tax rate, making New Orleans slightly more tax-friendly.

Frequently Asked Questions

New Orleans vs Peoria — common questions

Is New Orleans or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 90 (US average = 100).
What is the rent difference between New Orleans and Peoria?
Median rent in New Orleans is $1,211/month and in Peoria it's $951/month — a difference of $260/month.
Which city has higher income, New Orleans or Peoria?
Median household income is $55,339 in New Orleans and $58,716 in Peoria. Median household income is $3,377/year higher in Peoria.
How do taxes compare between Louisiana and Illinois?
Louisiana has 4.25% income tax, 4.45% sales tax, and 0.55% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to New Orleans or Peoria?
It depends on your priorities. New Orleans has a cost index of 90 with median rent of $1,211/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 New Orleans details → View Peoria details →

More Comparisons

Other cost of living comparisons for New Orleans and Peoria

New Orleans vs. Aurora New Orleans vs. Cleveland New Orleans vs. Tampa New Orleans vs. Honolulu New Orleans vs. Arlington New Orleans vs. Anaheim Peoria vs. Pompano Beach Peoria vs. Downey Peoria vs. Lansing Peoria vs. Murrieta Peoria vs. Las Cruces Peoria vs. Pueblo