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Miami vs Peoria: which is cheaper?

Peoria is 12% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.

I need $52,916 in Peoria to live the same way.

🏠 Rent per month
$2,538
$2,185
🛏️ 2-bedroom rent
$1,983
$1,814
💵 Families earn per year
$67,365
$103,336
🔑 Buying a house
$518,100
$463,600
📊 Overall prices (U.S. = 100)
114.2
100.7
🏛️ Property tax per year
$4,586
$2,160
⚡ Electric bill per month
$133
$204
👥 People living there
459,745
196,906
Commute to work
27.3 min
28.2 min
College degree
37.4%
36.3%
Own their home
30.8%
76%
Below poverty line
19.4%
8.4%
Unemployment
5.2%
4%

Bottom line

Frequently asked questions

Is Miami or Peoria cheaper to live in?

Peoria is about 12% cheaper overall. Rent is $2,185 a month there versus $2,538 in Miami.

What salary do I need in Peoria to match $60,000 in Miami?

About $52,916 a year gives the same standard of living in Peoria.

Where do people earn more, Miami or Peoria?

The typical household earns $67,365 in Miami and $103,336 in Peoria, 35% more in Peoria.

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