Knoxville vs Peoria
Cost of Living Comparison · 2026
Knoxville
Peoria
The Verdict
Peoria is 15.8% less expensive than Knoxville overall. A household earning $75,000 in Knoxville would need approximately $64,773 in Peoria to maintain the same standard of living.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Knoxville has the same purchasing power as $64,773 in Peoria.
Conversely, $75,000 in Peoria equals $86,842 in Knoxville.
Living in Knoxville vs Peoria
Housing Costs
Knoxville's housing index of 73 is higher Peoria's 42, translating to median home prices of $240,000 vs $164,000. The $76,000 difference in home prices means roughly $4,944 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,100/mo in Knoxville compared to $1,000/mo in Peoria, a monthly difference of $100.
Grocery & Food Costs
Grocery expenses index at 94 in Knoxville and 97 in Peoria. A household spending the national average of $475/month on groceries would pay approximately $447/month in Knoxville vs $461/month in Peoria. The difference in grocery costs between these cities is relatively minor and unlikely to be a deciding factor in relocation.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 90 in Knoxville and 103 in Peoria. Monthly utility bills average approximately $360 in Knoxville vs $412 in Peoria. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.
Healthcare
Healthcare costs index at 93 in Knoxville and 107 in Peoria. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 14-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $42,898 in Knoxville and $58,700 in Peoria. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $48,748 and $77,237 respectively. Peoria residents come out ahead in real purchasing power.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,001/month to housing in Knoxville vs $1,370/month in Peoria. In Knoxville, median rent of $1,100/mo exceeds this threshold, suggesting renters may feel stretched. In Peoria, median rent of $1,000/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 31 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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