Springfield, MO vs Peoria, IL: 60 vs 61

$920/mo ↓ 3%

Median Rent

$951/mo ↑ 3%

$45,984/yr ↓ 22%

Median Income

$58,716/yr ↑ 28%

$165,200 ↑ 11%

Home Value

$149,500 ↓ 10%

$908/mo ↓ 10%

Owner Costs

$1,007/mo ↑ 11%

169,432

Population

112,126

Detailed Comparison

When comparing Springfield, MO and Peoria, IL, the overall cost of living indices are 60 and 61 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $12,732/year higher in Peoria. Home values also differ significantly — the median in Springfield is $165,200 compared to $149,500 in Peoria.

Frequently Asked Questions

Springfield vs Peoria — common questions

Is Springfield or Peoria cheaper to live in?

Based on our cost index, Springfield is cheaper to live in with an index of 60 compared to 61 (US average = 100).

What is the rent difference between Springfield and Peoria?

Median rent in Springfield is $920/month and in Peoria it's $951/month — a difference of $31/month.

Which city has higher income, Springfield or Peoria?

Median household income is $45,984 in Springfield and $58,716 in Peoria. Median household income is $12,732/year higher in Peoria.

How do taxes compare between Missouri and Illinois?

Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% 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 60 with median rent of $920/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.

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

Springfield

Peoria

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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