Cost of Living: Peoria, IL vs Allen, TX (2026)

Peoria

Illinois
61
VS

Allen

Texas
137

Peoria is 55% cheaper than Allen.

$951/mo ↓ 49%
Median Rent
$1,877/mo ↑ 97%
$58,716/yr ↓ 55%
Median Income
$129,130/yr ↑ 120%
$149,500 ↓ 65%
Home Value
$429,900 ↑ 188%
$1,007/mo ↓ 52%
Owner Costs
$2,083/mo ↑ 107%
112,126
Population
107,684

Tax Comparison

4.95%
Income Tax
0%
6.25%
State Sales Tax
6.25%
2.07%
Property Tax
1.6%

Affordability

19.4%
rent-to-income
Affordability
17.4%
rent-to-income

Detailed Comparison

When comparing Peoria, IL and Allen, TX, the overall cost of living indices are 61 and 137 respectively (national median = 100). Rent is $926/month cheaper in Peoria, saving renters about $11,112/year.

Median household income is $70,414/year higher in Allen. Home values also differ significantly — the median in Peoria is $149,500 compared to $429,900 in Allen.

Texas has no state income tax, giving Allen residents a significant tax advantage over Illinois's 4.95% rate.

Frequently Asked Questions

Peoria vs Allen — common questions

Is Peoria or Allen cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 137 (US average = 100).
What is the rent difference between Peoria and Allen?
Median rent in Peoria is $951/month and in Allen it's $1,877/month — a difference of $926/month.
Which city has higher income, Peoria or Allen?
Median household income is $58,716 in Peoria and $129,130 in Allen. Median household income is $70,414/year higher in Allen.
How do taxes compare between Illinois and Texas?
Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Peoria or Allen?
It depends on your priorities. Peoria has a cost index of 61 with median rent of $951/mo, while Allen has a cost index of 137 with rent of $1,877/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Peoria details → View Allen details →

More Comparisons

Other cost of living comparisons for Peoria and Allen

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