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

Odessa

Texas
83
VS

Peoria

Illinois
61

Odessa is 36% more expensive than Peoria.

$1,322/mo ↑ 39%
Median Rent
$951/mo ↓ 28%
$73,030/yr ↑ 24%
Median Income
$58,716/yr ↓ 20%
$208,000 ↑ 39%
Home Value
$149,500 ↓ 28%
$1,251/mo ↑ 24%
Owner Costs
$1,007/mo ↓ 20%
114,080
Population
112,126

Tax Comparison

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

Affordability

21.7%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Odessa, TX and Peoria, IL, the overall cost of living indices are 83 and 61 respectively (national median = 100). Rent is $371/month cheaper in Peoria, saving renters about $4,452/year.

Median household income is $14,314/year higher in Odessa. Home values also differ significantly — the median in Odessa is $208,000 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Odessa vs Peoria — common questions

Is Odessa or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 83 (US average = 100).
What is the rent difference between Odessa and Peoria?
Median rent in Odessa is $1,322/month and in Peoria it's $951/month — a difference of $371/month.
Which city has higher income, Odessa or Peoria?
Median household income is $73,030 in Odessa and $58,716 in Peoria. Median household income is $14,314/year higher in Odessa.
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 Odessa or Peoria?
It depends on your priorities. Odessa has a cost index of 83 with median rent of $1,322/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 Odessa details → View Peoria details →

More Comparisons

Other cost of living comparisons for Odessa and Peoria

Odessa vs. Elgin Odessa vs. Springfield Odessa vs. Provo Odessa vs. Beaumont Odessa vs. Waterbury Odessa vs. Gresham Peoria vs. Pompano Beach Peoria vs. Downey Peoria vs. Lansing Peoria vs. Murrieta Peoria vs. Las Cruces Peoria vs. Pueblo