Cost of Living: Peoria, AZ vs Elizabeth, NJ (2026)

Peoria

Arizona
125
VS

Elizabeth

New Jersey
112

Peoria is 12% more expensive than Elizabeth.

$1,743/mo ↑ 19%
Median Rent
$1,463/mo ↓ 16%
$93,403/yr ↑ 46%
Median Income
$63,874/yr ↓ 32%
$429,400 ↑ 9%
Home Value
$393,500 ↓ 8%
$1,589/mo ↑ 3%
Owner Costs
$1,543/mo ↓ 3%
194,338
Population
135,887

Tax Comparison

2.5%
Income Tax
10.75%
5.6%
State Sales Tax
6.625%
0.62%
Property Tax
2.23%

Affordability

22.4%
rent-to-income
Affordability
27.5%
rent-to-income

Detailed Comparison

When comparing Peoria, AZ and Elizabeth, NJ, the overall cost of living indices are 125 and 112 respectively (national median = 100). Rent is $280/month cheaper in Elizabeth, saving renters about $3,360/year.

Median household income is $29,529/year higher in Peoria. Home values also differ significantly — the median in Peoria is $429,400 compared to $393,500 in Elizabeth.

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

Frequently Asked Questions

Peoria vs Elizabeth — common questions

Is Peoria or Elizabeth cheaper to live in?
Based on our cost index, Elizabeth is cheaper to live in with an index of 112 compared to 125 (US average = 100).
What is the rent difference between Peoria and Elizabeth?
Median rent in Peoria is $1,743/month and in Elizabeth it's $1,463/month — a difference of $280/month.
Which city has higher income, Peoria or Elizabeth?
Median household income is $93,403 in Peoria and $63,874 in Elizabeth. Median household income is $29,529/year higher in Peoria.
How do taxes compare between Arizona and New Jersey?
Arizona has 2.5% income tax, 5.6% sales tax, and 0.62% property tax. New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax.
Should I move to Peoria or Elizabeth?
It depends on your priorities. Peoria has a cost index of 125 with median rent of $1,743/mo, while Elizabeth has a cost index of 112 with rent of $1,463/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Peoria details → View Elizabeth details →

More Comparisons

Other cost of living comparisons for Peoria and Elizabeth

Peoria vs. Huntington Beach Peoria vs. Knoxville Peoria vs. Overland Park Peoria vs. Vancouver Peoria vs. Sioux Falls Peoria vs. Glendale Elizabeth vs. Victorville Elizabeth vs. Stamford Elizabeth vs. Miramar Elizabeth vs. Kent Elizabeth vs. Pasadena Elizabeth vs. Midland