Toledo, OH vs Peoria, IL: 52 vs 61

$880/mo ↓ 7%

Median Rent

$951/mo ↑ 8%

$47,532/yr ↓ 19%

Median Income

$58,716/yr ↑ 24%

$107,000 ↓ 28%

Home Value

$149,500 ↑ 40%

$856/mo ↓ 15%

Owner Costs

$1,007/mo ↑ 18%

268,461

Population

112,126

Detailed Comparison

When comparing Toledo, OH and Peoria, IL, the overall cost of living indices are 52 and 61 respectively (national median = 100). Rent is $71/month cheaper in Toledo, saving renters about $852/year.

Median household income is $11,184/year higher in Peoria. Home values also differ significantly — the median in Toledo is $107,000 compared to $149,500 in Peoria.

Ohio has a lower income tax rate, making Toledo slightly more tax-friendly.

Frequently Asked Questions

Toledo vs Peoria — common questions

Is Toledo or Peoria cheaper to live in?

Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 61 (US average = 100).

What is the rent difference between Toledo and Peoria?

Median rent in Toledo is $880/month and in Peoria it's $951/month — a difference of $71/month.

Which city has higher income, Toledo or Peoria?

Median household income is $47,532 in Toledo and $58,716 in Peoria. Median household income is $11,184/year higher in Peoria.

How do taxes compare between Ohio and Illinois?

Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.

Should I move to Toledo or Peoria?

It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/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: Toledo, OH vs Peoria, IL (2026)

Toledo

Peoria

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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