Peoria vs Toronto
Cost of Living Comparison · 2026
Peoria
Toronto
The Verdict
Toronto is 21.5% less expensive than Peoria overall. A household earning $75,000 in Peoria would need approximately $61,726 in Toronto 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 Toronto.
Conversely, $75,000 in Toronto equals $91,129 in Peoria.
Living in Peoria vs Toronto
Housing Costs
Peoria's housing index of 149 is higher Toronto's 132, translating to median home prices of $495,000 vs $615,000. The $120,000 difference in home prices means roughly $7,800 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,725/mo in Peoria compared to $1,825/mo in Toronto, a monthly difference of $100.
Grocery & Food Costs
Grocery expenses index at 98 in Peoria and 88 in Toronto. A household spending the national average of $475/month on groceries would pay approximately $466/month in Peoria vs $418/month in Toronto. Toronto offers a meaningful advantage on everyday food costs, saving roughly $576/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 106 in Peoria and 85 in Toronto. Monthly utility bills average approximately $424 in Peoria vs $340 in Toronto. 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 72 in Toronto. 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 $97,300 in Peoria and $55,000 in Toronto. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $86,106 and $59,140 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 $1,283/month in Toronto. In Peoria, median rent of $1,725/mo fits within this budget. In Toronto, median rent of $1,825/mo pushes past the recommended limit. The biggest category-level difference between these two cities is Utilities, where the gap is 21 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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