Reno is 2% cheaper than Peoria.
When comparing Reno, NV and Peoria, AZ, the overall cost of living indices are 122 and 125 respectively (national median = 100). Rent is $290/month cheaper in Reno, saving renters about $3,480/year.
Median household income is $14,955/year higher in Peoria. Home values also differ significantly — the median in Reno is $498,600 compared to $429,400 in Peoria.
Nevada has no state income tax, giving Reno residents a significant tax advantage over Arizona's 2.5% rate.
Reno vs Peoria — common questions
Other cost of living comparisons for Reno and Peoria