Carpentersville, IL vs Peoria, IL

The cost of living difference between Carpentersville, IL and Peoria, IL is dramatic. Peoria is 34.9% cheaper than Carpentersville, a gap that translates to thousands of dollars per year in household expenses. Carpentersville has a cost index of 97 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 Carpentersville is $1,420/month compared to $951/month in Peoria — a 49% difference. Home values follow the same pattern: Peoria is more affordable at $149,500 median vs $225,200.

Median household income in Carpentersville is $86,327 compared to $58,716 in Peoria (+47%). While Carpentersville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Carpentersville spend roughly 19.7% of their income on rent, more than the 19.4% in Peoria.