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

Spring Valley

Nevada
119
VS

Peoria

Illinois
61

Spring Valley is 95% more expensive than Peoria.

$1,642/mo ↑ 73%
Median Rent
$951/mo ↓ 42%
$72,364/yr ↑ 23%
Median Income
$58,716/yr ↓ 19%
$407,900 ↑ 173%
Home Value
$149,500 ↓ 63%
$1,554/mo ↑ 54%
Owner Costs
$1,007/mo ↓ 35%
219,913
Population
112,126

Tax Comparison

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

Affordability

27.2%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Spring Valley, NV and Peoria, IL, the overall cost of living indices are 119 and 61 respectively (national median = 100). Rent is $691/month cheaper in Peoria, saving renters about $8,292/year.

Median household income is $13,648/year higher in Spring Valley. Home values also differ significantly — the median in Spring Valley is $407,900 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Spring Valley vs Peoria — common questions

Is Spring Valley or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 119 (US average = 100).
What is the rent difference between Spring Valley and Peoria?
Median rent in Spring Valley is $1,642/month and in Peoria it's $951/month — a difference of $691/month.
Which city has higher income, Spring Valley or Peoria?
Median household income is $72,364 in Spring Valley and $58,716 in Peoria. Median household income is $13,648/year higher in Spring Valley.
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 Spring Valley or Peoria?
It depends on your priorities. Spring Valley has a cost index of 119 with median rent of $1,642/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 Spring Valley details → View Peoria details →

More Comparisons

Other cost of living comparisons for Spring Valley and Peoria

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