Peoria vs Toledo
Cost of Living Comparison · 2026
Peoria
Toledo
The Verdict
Peoria is 1.3% less expensive than Toledo overall. A household earning $75,000 in Peoria would need approximately $75,987 in Toledo 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 $75,987 in Toledo.
Conversely, $75,000 in Toledo equals $74,026 in Peoria.
Living in Peoria vs Toledo
Housing Costs
Peoria's housing index of 42 is lower Toledo's 55, translating to median home prices of $164,000 vs $128,000. The $36,000 difference in home prices means roughly $2,340 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,000/mo in Peoria compared to $825/mo in Toledo, a monthly difference of $175.
Grocery & Food Costs
Grocery expenses index at 97 in Peoria and 98 in Toledo. A household spending the national average of $475/month on groceries would pay approximately $461/month in Peoria vs $466/month in Toledo. 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 103 in Peoria and 92 in Toledo. Monthly utility bills average approximately $412 in Peoria vs $368 in Toledo. 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 107 in Peoria and 84 in Toledo. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 23-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $58,700 in Peoria and $42,200 in Toledo. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $77,237 and $54,805 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 $1,370/month to housing in Peoria vs $985/month in Toledo. In Peoria, median rent of $1,000/mo fits within this budget. In Toledo, median rent of $825/mo remains manageable. The biggest category-level difference between these two cities is Healthcare, where the gap is 23 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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