Cost of Living: Peoria, AZ vs Lakeland, FL (2026)

Peoria

Arizona
125
VS

Lakeland

Florida
82

Peoria is 52% more expensive than Lakeland.

$1,743/mo ↑ 34%
Median Rent
$1,299/mo ↓ 25%
$93,403/yr ↑ 53%
Median Income
$60,947/yr ↓ 35%
$429,400 ↑ 87%
Home Value
$229,100 ↓ 47%
$1,589/mo ↑ 38%
Owner Costs
$1,149/mo ↓ 28%
194,338
Population
117,030

Tax Comparison

2.5%
Income Tax
0%
5.6%
State Sales Tax
6.0%
0.62%
Property Tax
0.86%

Affordability

22.4%
rent-to-income
Affordability
25.6%
rent-to-income

Detailed Comparison

When comparing Peoria, AZ and Lakeland, FL, the overall cost of living indices are 125 and 82 respectively (national median = 100). Rent is $444/month cheaper in Lakeland, saving renters about $5,328/year.

Median household income is $32,456/year higher in Peoria. Home values also differ significantly — the median in Peoria is $429,400 compared to $229,100 in Lakeland.

Florida has no state income tax, giving Lakeland residents a significant tax advantage over Arizona's 2.5% rate.

Frequently Asked Questions

Peoria vs Lakeland — common questions

Is Peoria or Lakeland cheaper to live in?
Based on our cost index, Lakeland is cheaper to live in with an index of 82 compared to 125 (US average = 100).
What is the rent difference between Peoria and Lakeland?
Median rent in Peoria is $1,743/month and in Lakeland it's $1,299/month — a difference of $444/month.
Which city has higher income, Peoria or Lakeland?
Median household income is $93,403 in Peoria and $60,947 in Lakeland. Median household income is $32,456/year higher in Peoria.
How do taxes compare between Arizona and Florida?
Arizona has 2.5% income tax, 5.6% sales tax, and 0.62% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Peoria or Lakeland?
It depends on your priorities. Peoria has a cost index of 125 with median rent of $1,743/mo, while Lakeland has a cost index of 82 with rent of $1,299/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Peoria details → View Lakeland details →

More Comparisons

Other cost of living comparisons for Peoria and Lakeland

Peoria vs. Huntington Beach Peoria vs. Knoxville Peoria vs. Overland Park Peoria vs. Vancouver Peoria vs. Sioux Falls Peoria vs. Glendale Lakeland vs. Clearwater Lakeland vs. The Woodlands Lakeland vs. North Charleston Lakeland vs. Evansville Lakeland vs. Cambridge Lakeland vs. Brandon