Cost of Living: New York, NY vs Peoria, IL (2026)

New York

New York
166
VS

Peoria

Illinois
61

New York is 172% more expensive than Peoria.

$1,779/mo ↑ 87%
Median Rent
$951/mo ↓ 47%
$79,713/yr ↑ 36%
Median Income
$58,716/yr ↓ 26%
$751,700 ↑ 403%
Home Value
$149,500 ↓ 80%
$1,837/mo ↑ 82%
Owner Costs
$1,007/mo ↓ 45%
8,516,202
Population
112,126

Tax Comparison

10.9%
Income Tax
4.95%
4.0%
State Sales Tax
6.25%
1.62%
Property Tax
2.07%

Affordability

26.8%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing New York, NY and Peoria, IL, the overall cost of living indices are 166 and 61 respectively (national median = 100). Rent is $828/month cheaper in Peoria, saving renters about $9,936/year.

Median household income is $20,997/year higher in New York. Home values also differ significantly — the median in New York is $751,700 compared to $149,500 in Peoria.

Illinois has a lower income tax rate, making Peoria slightly more tax-friendly.

Frequently Asked Questions

New York vs Peoria — common questions

Is New York or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 166 (US average = 100).
What is the rent difference between New York and Peoria?
Median rent in New York is $1,779/month and in Peoria it's $951/month — a difference of $828/month.
Which city has higher income, New York or Peoria?
Median household income is $79,713 in New York and $58,716 in Peoria. Median household income is $20,997/year higher in New York.
How do taxes compare between New York and Illinois?
New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to New York or Peoria?
It depends on your priorities. New York has a cost index of 166 with median rent of $1,779/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 York details → View Peoria details →

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