Cost of Living: Virginia Beach, VA vs Peoria, IL (2026)

Virginia Beach

Virginia
117
VS

Peoria

Illinois
61

Virginia Beach is 92% more expensive than Peoria.

$1,649/mo ↑ 73%
Median Rent
$951/mo ↓ 42%
$90,685/yr ↑ 54%
Median Income
$58,716/yr ↓ 35%
$366,300 ↑ 145%
Home Value
$149,500 ↓ 59%
$1,704/mo ↑ 69%
Owner Costs
$1,007/mo ↓ 41%
457,066
Population
112,126

Tax Comparison

5.75%
Income Tax
4.95%
5.3%
State Sales Tax
6.25%
0.8%
Property Tax
2.07%

Affordability

21.8%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Virginia Beach, VA and Peoria, IL, the overall cost of living indices are 117 and 61 respectively (national median = 100). Rent is $698/month cheaper in Peoria, saving renters about $8,376/year.

Median household income is $31,969/year higher in Virginia Beach. Home values also differ significantly — the median in Virginia Beach is $366,300 compared to $149,500 in Peoria.

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

Frequently Asked Questions

Virginia Beach vs Peoria — common questions

Is Virginia Beach or Peoria cheaper to live in?
Based on our cost index, Peoria is cheaper to live in with an index of 61 compared to 117 (US average = 100).
What is the rent difference between Virginia Beach and Peoria?
Median rent in Virginia Beach is $1,649/month and in Peoria it's $951/month — a difference of $698/month.
Which city has higher income, Virginia Beach or Peoria?
Median household income is $90,685 in Virginia Beach and $58,716 in Peoria. Median household income is $31,969/year higher in Virginia Beach.
How do taxes compare between Virginia and Illinois?
Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax.
Should I move to Virginia Beach or Peoria?
It depends on your priorities. Virginia Beach has a cost index of 117 with median rent of $1,649/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 Virginia Beach details → View Peoria details →

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