Peoria, IL vs Springfield, IL

Peoria, IL and Springfield, IL have a very similar cost of living, with only a 1.3% difference in their overall index. Peoria scores 72 while Springfield scores 73 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 $951/month compared to $945/month in Springfield — a 1% difference. Interestingly, home values tell a different story: while Springfield has cheaper rent, Peoria actually has lower median home values ($149,500 vs $155,200).

Median household income in Peoria is $58,716 compared to $65,537 in Springfield (-10.4%). While Springfield 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 19.4% of their income on rent, more than the 17.3% in Springfield.

Climate-wise, both cities share similar average temperatures (52.7°F vs 54°F). Springfield receives more rainfall at 38" per year compared to 37.6" in Peoria.