Lubbock vs Peoria
Cost of Living Comparison · 2026
Lubbock
Peoria
The Verdict
Lubbock is 26.5% less expensive than Peoria overall. A household earning $75,000 in Lubbock would need approximately $102,108 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 Lubbock has the same purchasing power as $102,108 in Peoria.
Conversely, $75,000 in Peoria equals $55,088 in Lubbock.
Living in Lubbock vs Peoria
Housing Costs
Lubbock's housing index of 59 is lower Peoria's 149, translating to median home prices of $175,000 vs $495,000. The $320,000 difference in home prices means roughly $20,796 per year in additional mortgage costs at current rates. Renters face a similar gap: $950/mo in Lubbock compared to $1,725/mo in Peoria, a monthly difference of $775.
Grocery & Food Costs
Grocery expenses index at 93 in Lubbock and 98 in Peoria. A household spending the national average of $475/month on groceries would pay approximately $442/month in Lubbock vs $466/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 96 in Lubbock and 106 in Peoria. Monthly utility bills average approximately $384 in Lubbock vs $424 in Peoria. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 90 in Lubbock and 86 in Peoria. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. Healthcare costs are relatively similar between these two cities, though individual plan costs can still vary.
Income & Purchasing Power
Median household income is $49,834 in Lubbock and $97,300 in Peoria. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $60,041 and $86,106 respectively. Peoria residents come out ahead in real purchasing power.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,163/month to housing in Lubbock vs $2,270/month in Peoria. In Lubbock, median rent of $950/mo fits within this budget. In Peoria, median rent of $1,725/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 90 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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