Peoria, IL vs Urbana, IL

Peoria, IL and Urbana, IL have a very similar cost of living, with only a 4.8% difference in their overall index. Peoria scores 72 while Urbana scores 76 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 $951/month in Urbana — a 0% difference. Interestingly, home values tell a different story: while Urbana has cheaper rent, Peoria actually has lower median home values ($149,500 vs $186,300).

Median household income in Peoria is $58,716 compared to $45,854 in Urbana (+28%). Peoria offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Peoria spend roughly 19.4% of their income on rent, less than the 24.9% in Urbana.

Climate-wise, both cities share similar average temperatures (52.7°F vs 52.5°F). Peoria receives more rainfall at 37.6" per year compared to 37" in Urbana.