Cost of Living: Peoria, IL vs Phoenix, AZ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,227/mo in Peoria, IL versus $4,370/mo in Phoenix, AZ. In the model, rent is about 13.85% of gross in Peoria, IL versus 21.24% in Phoenix, AZ, so Peoria, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Peoria, IL and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): Peoria, IL
- Lower rent (median 1BR/2BR): Peoria, IL
- Lower home prices: Peoria, IL
- Higher median household income: Phoenix, AZ
Cost of Living Index
Peoria, IL: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Peoria, IL has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Peoria, IL: $904/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Phoenix, AZ is $481/mo higher than in Peoria, IL.
Median Home Price
Peoria, IL: $149,500 · Phoenix, AZ: $381,900
Median home price in Phoenix, AZ is $232,400 higher than in Peoria, IL.
Median Household Income
Peoria, IL: $58,716 · Phoenix, AZ: $77,041
Phoenix, AZ has a higher median household income than Peoria, IL by $18,325.
Peoria, IL overview · Phoenix, AZ overview · Popular comparisons