Cost of Living: Norfolk, VA vs Peoria, IL (2026)

Norfolk

Virginia
89
VS

Peoria

Illinois
61

Norfolk is 46% more expensive than Peoria.

$1,246/mo ↑ 31%
Median Rent
$951/mo ↓ 24%
$64,017/yr ↑ 9%
Median Income
$58,716/yr ↓ 8%
$271,900 ↑ 82%
Home Value
$149,500 ↓ 45%
$1,366/mo ↑ 36%
Owner Costs
$1,007/mo ↓ 26%
235,037
Population
112,126

Tax Comparison

5.75%
Income Tax
4.95%
5.3%
State Sales Tax
6.25%
0.8%
Property Tax
2.07%

Affordability

23.4%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Norfolk, VA and Peoria, IL, the overall cost of living indices are 89 and 61 respectively (national median = 100). Rent is $295/month cheaper in Peoria, saving renters about $3,540/year.

Median household income is $5,301/year higher in Norfolk. Home values also differ significantly — the median in Norfolk is $271,900 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Norfolk vs Peoria — common questions

Is Norfolk or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 89 (US average = 100).
What is the rent difference between Norfolk and Peoria?
Median rent in Norfolk is $1,246/month and in Peoria it's $951/month — a difference of $295/month.
Which city has higher income, Norfolk or Peoria?
Median household income is $64,017 in Norfolk and $58,716 in Peoria. Median household income is $5,301/year higher in Norfolk.
How do taxes compare between Virginia and Illinois?
Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Norfolk or Peoria?
It depends on your priorities. Norfolk has a cost index of 89 with median rent of $1,246/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 Norfolk details → View Peoria details →

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