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

Plano

Texas
132
VS

Peoria

Illinois
61

Plano is 116% more expensive than Peoria.

$1,792/mo ↑ 88%
Median Rent
$951/mo ↓ 47%
$108,649/yr ↑ 85%
Median Income
$58,716/yr ↓ 46%
$440,600 ↑ 195%
Home Value
$149,500 ↓ 66%
$1,829/mo ↑ 82%
Owner Costs
$1,007/mo ↓ 45%
287,339
Population
112,126

Tax Comparison

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

Affordability

19.8%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Plano, TX and Peoria, IL, the overall cost of living indices are 132 and 61 respectively (national median = 100). Rent is $841/month cheaper in Peoria, saving renters about $10,092/year.

Median household income is $49,933/year higher in Plano. Home values also differ significantly — the median in Plano is $440,600 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Plano vs Peoria — common questions

Is Plano or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 132 (US average = 100).
What is the rent difference between Plano and Peoria?
Median rent in Plano is $1,792/month and in Peoria it's $951/month — a difference of $841/month.
Which city has higher income, Plano or Peoria?
Median household income is $108,649 in Plano and $58,716 in Peoria. Median household income is $49,933/year higher in Plano.
How do taxes compare between Texas and Illinois?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Plano or Peoria?
It depends on your priorities. Plano has a cost index of 132 with median rent of $1,792/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 Plano details → View Peoria details →

More Comparisons

Other cost of living comparisons for Plano and Peoria

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