Cost of Living: Peoria, IL vs Schaumburg, IL
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 $4,227/mo in Schaumburg, IL. In the model, rent is about 13.85% of gross in Peoria, IL versus 25.85% in Schaumburg, IL, so Peoria, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Peoria, IL and Schaumburg, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Schaumburg, IL
- Lower rent (median 1BR/2BR): Peoria, IL
- Lower home prices: Peoria, IL
- Higher median household income: Schaumburg, IL
Cost of Living Index
Peoria, IL: 100 (U.S. = 100) · Schaumburg, IL: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Peoria, IL: $904/mo (midpoint of 1BR/2BR) · Schaumburg, IL: $1,686/mo
Median rent in Schaumburg, IL is $782/mo higher than in Peoria, IL.
Median Home Price
Peoria, IL: $149,500 · Schaumburg, IL: $312,200
Median home price in Schaumburg, IL is $162,700 higher than in Peoria, IL.
Median Household Income
Peoria, IL: $58,716 · Schaumburg, IL: $94,690
Schaumburg, IL has a higher median household income than Peoria, IL by $35,974.
Peoria, IL overview · Schaumburg, IL overview · Popular comparisons