Peoria vs Springfield
Cost of Living Comparison · 2026
Peoria
Springfield
The Verdict
Springfield is 44.9% less expensive than Peoria overall. A household earning $75,000 in Peoria would need approximately $51,770 in Springfield 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 $51,770 in Springfield.
Conversely, $75,000 in Springfield equals $108,654 in Peoria.
Living in Peoria vs Springfield
Housing Costs
Peoria's housing index of 149 is higher Springfield's 52, translating to median home prices of $495,000 vs $162,000. The $333,000 difference in home prices means roughly $21,648 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,725/mo in Peoria compared to $925/mo in Springfield, a monthly difference of $800.
Grocery & Food Costs
Grocery expenses index at 98 in Peoria and 98 in Springfield. A household spending the national average of $475/month on groceries would pay approximately $466/month in Peoria vs $466/month in Springfield. 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 98 in Springfield. Monthly utility bills average approximately $424 in Peoria vs $392 in Springfield. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 86 in Peoria and 91 in Springfield. 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 $97,300 in Peoria and $65,500 in Springfield. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $86,106 and $83,974 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 $1,528/month in Springfield. In Peoria, median rent of $1,725/mo fits within this budget. In Springfield, median rent of $925/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 97 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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