salaryGrand Rapids is 5% 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
$1,751
$2,185
🛏️ 2-bedroom rent
$1,396
$1,814
💵 Families earn per year
$74,533
$103,336
🔑 Buying a house
$244,500
$463,600
📊 Overall prices (U.S. = 100)
95.5
100.7
🏛️ Property tax per year
$2,493
$2,160
⚡ Electric bill per month
$100
$204
👥 People living there
198,535
196,906
Commute to work
19 min
28.2 min
College degree
41.6%
36.3%
Own their home
54%
76%
Below poverty line
16.9%
8.4%
Unemployment
5.2%
4%
Bottom line
- Pick Grand Rapids for lower rent, cheaper 2-bedroom apartments, cheaper homes and 2 more.
- Pick Peoria for higher incomes, less poverty, lower unemployment.
Frequently asked questions
Is Grand Rapids or Peoria cheaper to live in?
Grand Rapids is about 5% cheaper overall. Rent is $1,751 a month there versus $2,185 in Peoria.
What salary do I need in Peoria to match $60,000 in Grand Rapids?
About $63,222 a year gives the same standard of living in Peoria.
Where do people earn more, Grand Rapids or Peoria?
The typical household earns $74,533 in Grand Rapids and $103,336 in Peoria, 28% more in Peoria.