salaryPeoria is 4% 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
$1,649
$2,185
🛏️ 2-bedroom rent
$1,805
$1,814
💵 Families earn per year
$87,192
$103,336
🔑 Buying a house
$362,200
$463,600
📊 Overall prices (U.S. = 100)
104.8
100.7
🏛️ Property tax per year
$4,339
$2,160
⚡ Electric bill per month
$91
$204
👥 People living there
427,246
196,906
Commute to work
22 min
28.2 min
College degree
55.5%
36.3%
Own their home
47.7%
76%
Below poverty line
16%
8.4%
Unemployment
5.9%
4%
Bottom line
- Pick Minneapolis 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 Minneapolis or Peoria cheaper to live in?
Peoria is about 4% cheaper overall. Rent is $2,185 a month there versus $1,649 in Minneapolis.
What salary do I need in Peoria to match $60,000 in Minneapolis?
About $57,627 a year gives the same standard of living in Peoria.
Where do people earn more, Minneapolis or Peoria?
The typical household earns $87,192 in Minneapolis and $103,336 in Peoria, 16% more in Peoria.