salaryMemphis is 9% 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
$1,399
$2,185
🛏️ 2-bedroom rent
$1,194
$1,814
💵 Families earn per year
$55,797
$103,336
🔑 Buying a house
$169,000
$463,600
📊 Overall prices (U.S. = 100)
92.2
100.7
🏛️ Property tax per year
$1,845
$2,160
⚡ Electric bill per month
$223
$204
👥 People living there
618,980
196,906
Commute to work
21.1 min
28.2 min
College degree
28%
36.3%
Own their home
44.9%
76%
Below poverty line
23.1%
8.4%
Unemployment
8.3%
4%
Bottom line
- Pick Memphis 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 Memphis or Peoria cheaper to live in?
Memphis is about 9% cheaper overall. Rent is $1,399 a month there versus $2,185 in Peoria.
What salary do I need in Peoria to match $60,000 in Memphis?
About $65,531 a year gives the same standard of living in Peoria.
Where do people earn more, Memphis or Peoria?
The typical household earns $55,797 in Memphis and $103,336 in Peoria, 46% more in Peoria.