Cost of Living: Reno, NV vs Peoria, IL (2026)

Reno

Nevada
122
VS

Peoria

Illinois
61

Reno is 100% more expensive than Peoria.

$1,453/mo ↑ 53%
Median Rent
$951/mo ↓ 35%
$78,448/yr ↑ 34%
Median Income
$58,716/yr ↓ 25%
$498,600 ↑ 234%
Home Value
$149,500 ↓ 70%
$1,482/mo ↑ 47%
Owner Costs
$1,007/mo ↓ 32%
268,959
Population
112,126

Tax Comparison

0%
Income Tax
4.95%
6.85%
State Sales Tax
6.25%
0.53%
Property Tax
2.07%

Affordability

22.2%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Reno, NV and Peoria, IL, the overall cost of living indices are 122 and 61 respectively (national median = 100). Rent is $502/month cheaper in Peoria, saving renters about $6,024/year.

Median household income is $19,732/year higher in Reno. Home values also differ significantly — the median in Reno is $498,600 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Reno vs Peoria — common questions

Is Reno or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 122 (US average = 100).
What is the rent difference between Reno and Peoria?
Median rent in Reno is $1,453/month and in Peoria it's $951/month — a difference of $502/month.
Which city has higher income, Reno or Peoria?
Median household income is $78,448 in Reno and $58,716 in Peoria. Median household income is $19,732/year higher in Reno.
How do taxes compare between Nevada and Illinois?
Nevada has 0% income tax, 6.85% sales tax, and 0.53% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Reno or Peoria?
It depends on your priorities. Reno has a cost index of 122 with median rent of $1,453/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 Reno details → View Peoria details →

More Comparisons

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