Cost of Living: Sioux Falls, SD vs Peoria, IL (2026)

Sioux Falls

South Dakota
78
VS

Peoria

Illinois
61

Sioux Falls is 28% more expensive than Peoria.

$993/mo ↑ 4%
Median Rent
$951/mo ↓ 4%
$74,714/yr ↑ 27%
Median Income
$58,716/yr ↓ 21%
$271,400 ↑ 82%
Home Value
$149,500 ↓ 45%
$1,122/mo ↑ 11%
Owner Costs
$1,007/mo ↓ 10%
197,642
Population
112,126

Tax Comparison

0%
Income Tax
4.95%
4.2%
State Sales Tax
6.25%
1.28%
Property Tax
2.07%

Affordability

15.9%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Sioux Falls, SD and Peoria, IL, the overall cost of living indices are 78 and 61 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $15,998/year higher in Sioux Falls. Home values also differ significantly — the median in Sioux Falls is $271,400 compared to $149,500 in Peoria.

South Dakota has no state income tax, giving Sioux Falls residents a significant tax advantage over Illinois's 4.95% rate.

Frequently Asked Questions

Sioux Falls vs Peoria — common questions

Is Sioux Falls or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 78 (US average = 100).
What is the rent difference between Sioux Falls and Peoria?
Median rent in Sioux Falls is $993/month and in Peoria it's $951/month — a difference of $42/month.
Which city has higher income, Sioux Falls or Peoria?
Median household income is $74,714 in Sioux Falls and $58,716 in Peoria. Median household income is $15,998/year higher in Sioux Falls.
How do taxes compare between South Dakota and Illinois?
South Dakota has 0% income tax, 4.2% sales tax, and 1.28% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Sioux Falls or Peoria?
It depends on your priorities. Sioux Falls has a cost index of 78 with median rent of $993/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 Sioux Falls details → View Peoria details →

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