Peoria is 3% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Peoria to live the same way.
🏠 Rent per month
$1,983
$2,185
🛏️ 2-bedroom rent
$1,622
$1,814
💵 Families earn per year
$84,017
$103,336
🔑 Buying a house
$334,100
$463,600
📊 Overall prices (U.S. = 100)
103.6
100.7
🏛️ Property tax per year
$4,943
$2,160
⚡ Electric bill per month
$90
$204
👥 People living there
2,711,226
196,906
Commute to work
33.1 min
28.2 min
College degree
44.3%
36.3%
Own their home
46%
76%
Below poverty line
16.8%
8.4%
Unemployment
8%
4%
Bottom line
- Pick Chicago for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
- Pick Peoria for higher incomes, shorter commutes, less poverty and 1 more.
Frequently asked questions
Is Chicago or Peoria cheaper to live in?
Peoria is about 3% cheaper overall. Rent is $2,185 a month there versus $1,983 in Chicago.
What salary do I need in Peoria to match $60,000 in Chicago?
About $58,310 a year gives the same standard of living in Peoria.
Where do people earn more, Chicago or Peoria?
The typical household earns $84,017 in Chicago and $103,336 in Peoria, 19% more in Peoria.