salaryIndianapolis 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
$1,465
$2,185
🛏️ 2-bedroom rent
$1,315
$1,814
💵 Families earn per year
$71,417
$103,336
🔑 Buying a house
$224,800
$463,600
📊 Overall prices (U.S. = 100)
95.7
100.7
🏛️ Property tax per year
$2,037
$2,160
⚡ Electric bill per month
$141
$204
👥 People living there
885,860
196,906
Commute to work
24.6 min
28.2 min
College degree
34.9%
36.3%
Own their home
56%
76%
Below poverty line
15.8%
8.4%
Unemployment
5.1%
4%
Bottom line
- Pick Indianapolis for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
- Pick Peoria for higher incomes, a more educated workforce, less poverty and 1 more.
Frequently asked questions
Is Indianapolis or Peoria cheaper to live in?
Indianapolis is about 5% cheaper overall. Rent is $1,465 a month there versus $2,185 in Peoria.
What salary do I need in Peoria to match $60,000 in Indianapolis?
About $63,123 a year gives the same standard of living in Peoria.
Where do people earn more, Indianapolis or Peoria?
The typical household earns $71,417 in Indianapolis and $103,336 in Peoria, 31% more in Peoria.