Cost of Living: Peoria, AZ vs Tempe, AZ (2026)

Peoria

Arizona
125
VS

Tempe

Arizona
120

Peoria is 4% more expensive than Tempe.

$1,743/mo ↑ 7%
Median Rent
$1,623/mo ↓ 7%
$93,403/yr ↑ 20%
Median Income
$77,643/yr ↓ 17%
$429,400 ↑ 2%
Home Value
$421,900 ↓ 2%
$1,589/mo ↑ 2%
Owner Costs
$1,554/mo ↓ 2%
194,338
Population
186,419

Tax Comparison

2.5%
Income Tax
2.5%
5.6%
State Sales Tax
5.6%
0.62%
Property Tax
0.62%

Affordability

22.4%
rent-to-income
Affordability
25.1%
rent-to-income

Detailed Comparison

When comparing Peoria, AZ and Tempe, AZ, the overall cost of living indices are 125 and 120 respectively (national median = 100). Rent is $120/month cheaper in Tempe, saving renters about $1,440/year.

Median household income is $15,760/year higher in Peoria. Home values also differ significantly — the median in Peoria is $429,400 compared to $421,900 in Tempe.

Both cities share the same state tax structure since they are in Arizona.

Frequently Asked Questions

Peoria vs Tempe — common questions

Is Peoria or Tempe cheaper to live in?
Based on our cost index, Tempe is cheaper to live in with an index of 120 compared to 125 (US average = 100).
What is the rent difference between Peoria and Tempe?
Median rent in Peoria is $1,743/month and in Tempe it's $1,623/month — a difference of $120/month.
Which city has higher income, Peoria or Tempe?
Median household income is $93,403 in Peoria and $77,643 in Tempe. Median household income is $15,760/year higher in Peoria.
How do taxes compare between Arizona and Arizona?
Both cities are in Arizona and share the same state tax rates: 2.5% income tax, 5.6% sales tax, and 0.62% property tax.
Should I move to Peoria or Tempe?
It depends on your priorities. Peoria has a cost index of 125 with median rent of $1,743/mo, while Tempe has a cost index of 120 with rent of $1,623/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Peoria details → View Tempe details →

More Comparisons

Other cost of living comparisons for Peoria and Tempe

Peoria vs. Huntington Beach Peoria vs. Knoxville Peoria vs. Overland Park Peoria vs. Vancouver Peoria vs. Sioux Falls Peoria vs. Glendale Tempe vs. Brownsville Tempe vs. Paradise Tempe vs. Akron Tempe vs. Mobile Tempe vs. Providence Tempe vs. Newport News