Buffalo Grove, IL vs Peoria, IL

The cost of living difference between Buffalo Grove, IL and Peoria, IL is dramatic. Peoria is 80.1% cheaper than Buffalo Grove, a gap that translates to thousands of dollars per year in household expenses. Buffalo Grove has a cost index of 130 while Peoria sits at 72, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Buffalo Grove is $2,042/month compared to $951/month in Peoria — a 115% difference. Home values follow the same pattern: Peoria is more affordable at $149,500 median vs $392,900.

Median household income in Buffalo Grove is $129,820 compared to $58,716 in Peoria (+121.1%). While Buffalo Grove is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Buffalo Grove spend roughly 18.9% of their income on rent, less than the 19.4% in Peoria.