Peoria vs Toronto
Cost of Living Comparison · 2026
Peoria
Toronto
The Verdict
Living in Peoria costs 18.3% less than Toronto. To match the purchasing power of a $75,000 salary in Peoria, you would need $91,776 in Toronto.
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 $91,776 in Toronto.
Conversely, $75,000 in Toronto equals $61,290 in Peoria.
Living in Peoria vs Toronto
Housing Costs
Peoria's housing index of 42 is lower Toronto's 132, translating to median home prices of $164,000 vs $615,000. The $451,000 difference in home prices means roughly $29,316 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,000/mo in Peoria compared to $1,825/mo in Toronto, a monthly difference of $825.
Grocery & Food Costs
Grocery expenses index at 97 in Peoria and 88 in Toronto. A household spending the national average of $475/month on groceries would pay approximately $461/month in Peoria vs $418/month in Toronto. Toronto offers a meaningful advantage on everyday food costs, saving roughly $516/year.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 103 in Peoria and 85 in Toronto. Monthly utility bills average approximately $412 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 107 in Peoria and 72 in Toronto. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 35-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 $55,000 in Toronto. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $77,237 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 $1,370/month to housing in Peoria vs $1,283/month in Toronto. In Peoria, median rent of $1,000/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 Housing, where the gap is 90 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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