Cost of Living: Omaha, NE vs Peoria, IL (2026)

Omaha

Nebraska
80
VS

Peoria

Illinois
61

Omaha is 31% more expensive than Peoria.

$1,150/mo ↑ 21%
Median Rent
$951/mo ↓ 17%
$72,708/yr ↑ 24%
Median Income
$58,716/yr ↓ 19%
$230,100 ↑ 54%
Home Value
$149,500 ↓ 35%
$1,249/mo ↑ 24%
Owner Costs
$1,007/mo ↓ 19%
488,197
Population
112,126

Tax Comparison

6.64%
Income Tax
4.95%
5.5%
State Sales Tax
6.25%
1.73%
Property Tax
2.07%

Affordability

19.0%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Omaha, NE and Peoria, IL, the overall cost of living indices are 80 and 61 respectively (national median = 100). Rent is $199/month cheaper in Peoria, saving renters about $2,388/year.

Median household income is $13,992/year higher in Omaha. Home values also differ significantly — the median in Omaha is $230,100 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Omaha vs Peoria — common questions

Is Omaha or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 80 (US average = 100).
What is the rent difference between Omaha and Peoria?
Median rent in Omaha is $1,150/month and in Peoria it's $951/month — a difference of $199/month.
Which city has higher income, Omaha or Peoria?
Median household income is $72,708 in Omaha and $58,716 in Peoria. Median household income is $13,992/year higher in Omaha.
How do taxes compare between Nebraska and Illinois?
Nebraska has 6.64% income tax, 5.5% sales tax, and 1.73% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Omaha or Peoria?
It depends on your priorities. Omaha has a cost index of 80 with median rent of $1,150/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 Omaha details → View Peoria details →

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