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

Richardson

Texas
128
VS

Peoria

Illinois
61

Richardson is 110% more expensive than Peoria.

$1,825/mo ↑ 92%
Median Rent
$951/mo ↓ 48%
$96,257/yr ↑ 64%
Median Income
$58,716/yr ↓ 39%
$405,600 ↑ 171%
Home Value
$149,500 ↓ 63%
$1,796/mo ↑ 78%
Owner Costs
$1,007/mo ↓ 44%
118,269
Population
112,126

Tax Comparison

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

Affordability

22.8%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Richardson, TX and Peoria, IL, the overall cost of living indices are 128 and 61 respectively (national median = 100). Rent is $874/month cheaper in Peoria, saving renters about $10,488/year.

Median household income is $37,541/year higher in Richardson. Home values also differ significantly — the median in Richardson is $405,600 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Richardson vs Peoria — common questions

Is Richardson or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 128 (US average = 100).
What is the rent difference between Richardson and Peoria?
Median rent in Richardson is $1,825/month and in Peoria it's $951/month — a difference of $874/month.
Which city has higher income, Richardson or Peoria?
Median household income is $96,257 in Richardson and $58,716 in Peoria. Median household income is $37,541/year higher in Richardson.
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 Richardson or Peoria?
It depends on your priorities. Richardson has a cost index of 128 with median rent of $1,825/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.
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More Comparisons

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