Peoria vs Providence
Cost of Living Comparison · 2026
Peoria
Providence
The Verdict
The cost gap between these cities is 2.7%, with Providence being the more affordable option. A $75,000 income in Peoria has equivalent purchasing power to $73,009 in Providence.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Peoria has the same purchasing power as $73,009 in Providence.
Conversely, $75,000 in Providence equals $77,045 in Peoria.
Living in Peoria vs Providence
Housing Costs
Peoria's housing index of 149 is higher Providence's 118, translating to median home prices of $495,000 vs $310,000. The $185,000 difference in home prices means roughly $12,024 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,725/mo in Peoria compared to $1,500/mo in Providence, a monthly difference of $225.
Grocery & Food Costs
Grocery expenses index at 98 in Peoria and 105 in Providence. A household spending the national average of $475/month on groceries would pay approximately $466/month in Peoria vs $499/month in Providence. Peoria offers a meaningful advantage on everyday food costs, saving roughly $396/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 106 in Peoria and 119 in Providence. Monthly utility bills average approximately $424 in Peoria vs $476 in Providence. 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 86 in Peoria and 112 in Providence. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 26-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $97,300 in Peoria and $47,012 in Providence. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $86,106 and $42,738 respectively. Peoria residents enjoy stronger real purchasing power despite higher nominal wages.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $2,270/month to housing in Peoria vs $1,097/month in Providence. In Peoria, median rent of $1,725/mo fits within this budget. In Providence, median rent of $1,500/mo pushes past the recommended limit. 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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