Cost of Living: Peoria, IL vs Dearborn, MI (2026)

Peoria

Illinois
61
VS

Dearborn

Michigan
79

Peoria is 23% cheaper than Dearborn.

$951/mo ↓ 25%
Median Rent
$1,264/mo ↑ 33%
$58,716/yr ↓ 10%
Median Income
$65,192/yr ↑ 11%
$149,500 ↓ 27%
Home Value
$205,900 ↑ 38%
$1,007/mo ↓ 14%
Owner Costs
$1,174/mo ↑ 17%
112,126
Population
107,846

Tax Comparison

4.95%
Income Tax
4.25%
6.25%
State Sales Tax
6.0%
2.07%
Property Tax
1.38%

Affordability

19.4%
rent-to-income
Affordability
23.3%
rent-to-income

Detailed Comparison

When comparing Peoria, IL and Dearborn, MI, the overall cost of living indices are 61 and 79 respectively (national median = 100). Rent is $313/month cheaper in Peoria, saving renters about $3,756/year.

Median household income is $6,476/year higher in Dearborn. Home values also differ significantly — the median in Peoria is $149,500 compared to $205,900 in Dearborn.

Michigan has a lower income tax rate, making Dearborn slightly more tax-friendly.

Frequently Asked Questions

Peoria vs Dearborn — common questions

Is Peoria or Dearborn cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 79 (US average = 100).
What is the rent difference between Peoria and Dearborn?
Median rent in Peoria is $951/month and in Dearborn it's $1,264/month — a difference of $313/month.
Which city has higher income, Peoria or Dearborn?
Median household income is $58,716 in Peoria and $65,192 in Dearborn. Median household income is $6,476/year higher in Dearborn.
How do taxes compare between Illinois and Michigan?
Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax. Michigan has 4.25% income tax, 6.0% sales tax, and 1.38% property tax.
Should I move to Peoria or Dearborn?
It depends on your priorities. Peoria has a cost index of 61 with median rent of $951/mo, while Dearborn has a cost index of 79 with rent of $1,264/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Peoria details → View Dearborn details →

More Comparisons

Other cost of living comparisons for Peoria and Dearborn

Peoria vs. Pompano Beach Peoria vs. Downey Peoria vs. Lansing Peoria vs. Murrieta Peoria vs. Las Cruces Peoria vs. Pueblo Dearborn vs. Sparks Dearborn vs. Riverview Dearborn vs. South Fulton Dearborn vs. Tyler Dearborn vs. Greeley Dearborn vs. Tuscaloosa