Cost of Living: Springfield, MA vs Peoria, IL (2026)

Springfield

Massachusetts
79
VS

Peoria

Illinois
61

Springfield is 30% more expensive than Peoria.

$1,114/mo ↑ 17%
Median Rent
$951/mo ↓ 15%
$51,339/yr ↓ 13%
Median Income
$58,716/yr ↑ 14%
$222,700 ↑ 49%
Home Value
$149,500 ↓ 33%
$1,276/mo ↑ 27%
Owner Costs
$1,007/mo ↓ 21%
154,751
Population
112,126

Tax Comparison

9.0%
Income Tax
4.95%
6.25%
State Sales Tax
6.25%
1.15%
Property Tax
2.07%

Affordability

26.0%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Springfield, MA and Peoria, IL, the overall cost of living indices are 79 and 61 respectively (national median = 100). Rent is $163/month cheaper in Peoria, saving renters about $1,956/year.

Median household income is $7,377/year higher in Peoria. Home values also differ significantly — the median in Springfield is $222,700 compared to $149,500 in Peoria.

Illinois has a lower income tax rate, making Peoria slightly more tax-friendly.

Frequently Asked Questions

Springfield vs Peoria — common questions

Is Springfield or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 79 (US average = 100).
What is the rent difference between Springfield and Peoria?
Median rent in Springfield is $1,114/month and in Peoria it's $951/month — a difference of $163/month.
Which city has higher income, Springfield or Peoria?
Median household income is $51,339 in Springfield and $58,716 in Peoria. Median household income is $7,377/year higher in Peoria.
How do taxes compare between Massachusetts and Illinois?
Massachusetts has 9.0% income tax, 6.25% sales tax, and 1.15% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Springfield or Peoria?
It depends on your priorities. Springfield has a cost index of 79 with median rent of $1,114/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 Springfield details → View Peoria details →

More Comparisons

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