salaryPeoria is 11% 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
$1,867
$2,185
🛏️ 2-bedroom rent
$1,573
$1,814
💵 Families earn per year
$56,147
$103,336
🔑 Buying a house
$373,700
$463,600
📊 Overall prices (U.S. = 100)
112.6
100.7
🏛️ Property tax per year
$7,262
$2,160
⚡ Electric bill per month
$143
$204
👥 People living there
310,178
196,906
Commute to work
32.6 min
28.2 min
College degree
19.7%
36.3%
Own their home
24.4%
76%
Below poverty line
23.4%
8.4%
Unemployment
11.6%
4%
Bottom line
- Pick Newark for lower rent, cheaper 2-bedroom apartments, cheaper homes.
- Pick Peoria for higher incomes, shorter commutes, a more educated workforce and 2 more.
Frequently asked questions
Is Newark or Peoria cheaper to live in?
Peoria is about 11% cheaper overall. Rent is $2,185 a month there versus $1,867 in Newark.
What salary do I need in Peoria to match $60,000 in Newark?
About $53,664 a year gives the same standard of living in Peoria.
Where do people earn more, Newark or Peoria?
The typical household earns $56,147 in Newark and $103,336 in Peoria, 46% more in Peoria.