Omaha is 36% cheaper than Peoria.
When comparing Omaha, NE and Peoria, AZ, the overall cost of living indices are 80 and 125 respectively (national median = 100). Rent is $593/month cheaper in Omaha, saving renters about $7,116/year.
Median household income is $20,695/year higher in Peoria. Home values also differ significantly — the median in Omaha is $230,100 compared to $429,400 in Peoria.
Arizona has a lower income tax rate, making Peoria slightly more tax-friendly.
Omaha vs Peoria — common questions
Other cost of living comparisons for Omaha and Peoria