Cost of Living: Phoenix, AZ vs Peoria, IL (2026)

Phoenix

Arizona
109
VS

Peoria

Illinois
61

Phoenix is 79% more expensive than Peoria.

$1,458/mo ↑ 53%
Median Rent
$951/mo ↓ 35%
$77,041/yr ↑ 31%
Median Income
$58,716/yr ↓ 24%
$381,900 ↑ 155%
Home Value
$149,500 ↓ 61%
$1,430/mo ↑ 42%
Owner Costs
$1,007/mo ↓ 30%
1,624,832
Population
112,126

Tax Comparison

2.5%
Income Tax
4.95%
5.6%
State Sales Tax
6.25%
0.62%
Property Tax
2.07%

Affordability

22.7%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Phoenix, AZ and Peoria, IL, the overall cost of living indices are 109 and 61 respectively (national median = 100). Rent is $507/month cheaper in Peoria, saving renters about $6,084/year.

Median household income is $18,325/year higher in Phoenix. Home values also differ significantly — the median in Phoenix is $381,900 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Phoenix vs Peoria — common questions

Is Phoenix or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 109 (US average = 100).
What is the rent difference between Phoenix and Peoria?
Median rent in Phoenix is $1,458/month and in Peoria it's $951/month — a difference of $507/month.
Which city has higher income, Phoenix or Peoria?
Median household income is $77,041 in Phoenix and $58,716 in Peoria. Median household income is $18,325/year higher in Phoenix.
How do taxes compare between Arizona and Illinois?
Arizona has 2.5% income tax, 5.6% sales tax, and 0.62% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Phoenix or Peoria?
It depends on your priorities. Phoenix has a cost index of 109 with median rent of $1,458/mo, while Peoria has a cost index of 61 with rent of $951/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Phoenix details → View Peoria details →

More Comparisons

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