Cost of Living: Providence, RI vs Peoria, IL (2026)

Providence

Rhode Island
99
VS

Peoria

Illinois
61

Providence is 62% more expensive than Peoria.

$1,333/mo ↑ 40%
Median Rent
$951/mo ↓ 29%
$66,772/yr ↑ 14%
Median Income
$58,716/yr ↓ 12%
$322,800 ↑ 116%
Home Value
$149,500 ↓ 54%
$1,467/mo ↑ 46%
Owner Costs
$1,007/mo ↓ 31%
190,214
Population
112,126

Tax Comparison

5.99%
Income Tax
4.95%
7.0%
State Sales Tax
6.25%
1.53%
Property Tax
2.07%

Affordability

24.0%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Providence, RI and Peoria, IL, the overall cost of living indices are 99 and 61 respectively (national median = 100). Rent is $382/month cheaper in Peoria, saving renters about $4,584/year.

Median household income is $8,056/year higher in Providence. Home values also differ significantly — the median in Providence is $322,800 compared to $149,500 in Peoria.

Illinois has a lower income tax rate, making Peoria slightly more tax-friendly.

Frequently Asked Questions

Providence vs Peoria — common questions

Is Providence or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 99 (US average = 100).
What is the rent difference between Providence and Peoria?
Median rent in Providence is $1,333/month and in Peoria it's $951/month — a difference of $382/month.
Which city has higher income, Providence or Peoria?
Median household income is $66,772 in Providence and $58,716 in Peoria. Median household income is $8,056/year higher in Providence.
How do taxes compare between Rhode Island and Illinois?
Rhode Island has 5.99% income tax, 7.0% sales tax, and 1.53% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Providence or Peoria?
It depends on your priorities. Providence has a cost index of 99 with median rent of $1,333/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 Providence details → View Peoria details →

More Comparisons

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