Peoria, AZ vs Tempe, AZ

Peoria, AZ and Tempe, AZ have a very similar cost of living, with only a 3.5% difference in their overall index. Peoria scores 125 while Tempe scores 120 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Peoria is $1,743/month compared to $1,623/month in Tempe — a 7% difference. Home values follow the same pattern: Tempe is more affordable at $421,900 median vs $429,400.

Median household income in Peoria is $93,403 compared to $77,643 in Tempe (+20.3%). While Peoria is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Peoria spend roughly 22.4% of their income on rent, less than the 25.1% in Tempe.