Cost of Living: Torrance, CA vs Peoria, IL (2026)

Torrance

California
218
VS

Peoria

Illinois
61

Torrance is 257% more expensive than Peoria.

$2,214/mo ↑ 133%
Median Rent
$951/mo ↓ 57%
$113,105/yr ↑ 93%
Median Income
$58,716/yr ↓ 48%
$1,036,600 ↑ 593%
Home Value
$149,500 ↓ 86%
$2,295/mo ↑ 128%
Owner Costs
$1,007/mo ↓ 56%
143,499
Population
112,126

Tax Comparison

13.3%
Income Tax
4.95%
7.25%
State Sales Tax
6.25%
0.71%
Property Tax
2.07%

Affordability

23.5%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Torrance, CA and Peoria, IL, the overall cost of living indices are 218 and 61 respectively (national median = 100). Rent is $1,263/month cheaper in Peoria, saving renters about $15,156/year.

Median household income is $54,389/year higher in Torrance. Home values also differ significantly — the median in Torrance is $1,036,600 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Torrance vs Peoria — common questions

Is Torrance or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 218 (US average = 100).
What is the rent difference between Torrance and Peoria?
Median rent in Torrance is $2,214/month and in Peoria it's $951/month — a difference of $1,263/month.
Which city has higher income, Torrance or Peoria?
Median household income is $113,105 in Torrance and $58,716 in Peoria. Median household income is $54,389/year higher in Torrance.
How do taxes compare between California and Illinois?
California has 13.3% income tax, 7.25% sales tax, and 0.71% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Torrance or Peoria?
It depends on your priorities. Torrance has a cost index of 218 with median rent of $2,214/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 Torrance details → View Peoria details →

More Comparisons

Other cost of living comparisons for Torrance and Peoria

Torrance vs. Gainesville Torrance vs. Thornton Torrance vs. Olathe Torrance vs. Visalia Torrance vs. McAllen Torrance vs. Waco Peoria vs. Pompano Beach Peoria vs. Downey Peoria vs. Lansing Peoria vs. Murrieta Peoria vs. Las Cruces Peoria vs. Pueblo