Peoria vs Sioux Falls
Cost of Living Comparison · 2026
Peoria
Sioux Falls
The Verdict
Sioux Falls is 21.5% less expensive than Peoria overall. A household earning $75,000 in Peoria would need approximately $61,726 in Sioux Falls 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 Peoria has the same purchasing power as $61,726 in Sioux Falls.
Conversely, $75,000 in Sioux Falls equals $91,129 in Peoria.
Living in Peoria vs Sioux Falls
Housing Costs
Peoria's housing index of 149 is higher Sioux Falls's 80, translating to median home prices of $495,000 vs $265,000. The $230,000 difference in home prices means roughly $14,952 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,725/mo in Peoria compared to $1,100/mo in Sioux Falls, a monthly difference of $625.
Grocery & Food Costs
Grocery expenses index at 98 in Peoria and 97 in Sioux Falls. A household spending the national average of $475/month on groceries would pay approximately $466/month in Peoria vs $461/month in Sioux Falls. 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 106 in Peoria and 94 in Sioux Falls. Monthly utility bills average approximately $424 in Peoria vs $376 in Sioux Falls. 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 101 in Sioux Falls. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 15-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 $61,714 in Sioux Falls. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $86,106 and $66,359 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 $1,440/month in Sioux Falls. In Peoria, median rent of $1,725/mo fits within this budget. In Sioux Falls, median rent of $1,100/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 69 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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