City comparison

Peoria, IL vs Waco, TX

What a paycheck is really worth in each city: prices, rent and state taxes.

Key findings

  • Prices in Waco, TX are 1.4% higher than in Peoria, IL. Someone earning $100,000 in Peoria, IL would need about $101,400 in Waco, TX to live the same way.
  • Rent is the bigger story: a typical 1-bedroom costs $996 a month in Waco, TX versus $818 in Peoria, IL. On $100,000, that's 15% of take-home pay in Waco, TX and 13% in Peoria, IL.
  • On $100,000, estimated state income tax is about $4,805 a year higher in Peoria, IL than in Waco, TX.
  • Both cities are in the same federal pay area (Rest of U.S.), so a GS-13 step 1 earns $106,437 in either. A transfer from Peoria, IL to Waco, TX changes real buying power by −1.4%, purely from prices.
PeoriaWaco
Price level (U.S. = 100):Under 9292–9898–102102–108Over 108
  • Peoria, IL: price level 91.2 (much cheaper)
  • Waco, TX: price level 92.5 (cheaper)

Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.

Side by side

Peoria, ILWaco, TX
Price level (U.S. = 100)291.292.5
$100,000 is worth, in the other city2$101,446 in Waco$98,575 in Peoria
Typical 1-bedroom rent3$818/mo$996/mo
Take-home on $100,00014,15,8$74,375$79,180
State income tax on $100,000 (estimate)8$4,805 (IL)$0 (TX)
Rent burden on $100,00013%15%
Median pay, all jobs4$49,590$46,020
Federal locality pay area7Rest of U.S.Rest of U.S.

Rent areas: Peoria, IL MSA and Waco, TX HUD Metro FMR Area. Metro areas: Peoria, IL and Waco, TX.

What costs more or less

Peoria, ILWaco, TX
Price level (U.S. = 100)PeoriaWaco
Housing (rent)63.883.5
Goods93.693.8
Utilities90.581.0
Other services99.696.2
Overall91.292.5
BEA Regional Price Parities2. Housing covers rents.

Moving with the same $100,000 salary

Peoria, IL → Waco, TX

Roughly even

Buying power −1.4%; rent takes 15% of take-home; state tax −$4,805/yr.

64 Fair offer

Waco, TX → Peoria, IL

Roughly even

Buying power +1.4%; rent takes 13% of take-home; state tax +$4,805/yr.

73 Strong offer

On the GS pay scale?

Both metros are in the Rest of U.S. locality pay area, so GS salaries are identical. The last column shows what a transfer from Peoria, IL to Waco, TX at the same grade and step does to real buying power.

Grade5,2Peoria, ILWaco, TXReal change, Peoria → Waco
GS-9 step 1$61,722$61,722−1.4%
GS-11 step 1$74,678$74,678−1.4%
GS-12 step 1$89,508$89,508−1.4%
GS-13 step 1$106,437$106,437−1.4%
GS-14 step 1$125,776$125,776−1.4%

Pay for common jobs

Median annual pay4Peoria, ILWaco, TXWaco pay in Peoria dollars
Elementary School Teachers, Except Special Education$57,440$59,100$58,258 (+1.4%)
Software Developers$130,590$123,080$121,326 (−7.1%)
Accountants and Auditors$79,540$76,140$75,055 (−5.6%)
Registered Nurses$81,010$92,890$91,566 (+13.0%)

"Not published" means BLS doesn't release an estimate for that job in that metro.

Check your own offer

Loading calculator…

Taxes are estimates for a single filer taking the standard deduction; city and county income taxes are not included. See the methodology.

Notes & Sources

  1. U.S. Census Bureau, Metropolitan Statistical Area population estimates (Vintage 2025) (2025). Retrieved 2026-09-29.
  2. U.S. Bureau of Economic Analysis, Regional Price Parities by MSA (MARPP), all items (2024). Retrieved 2026-09-29.
  3. U.S. Department of Housing and Urban Development, Fair Market Rents, 1-bedroom (2026). Retrieved 2026-09-29.
  4. U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025, metropolitan areas (2025). Retrieved 2026-09-29.
  5. U.S. Office of Personnel Management, General Schedule (GS) pay rates with locality pay, 2026 (2026). Retrieved 2026-09-29.
  6. U.S. Office of Personnel Management, Locality codes used in the 2026 GS pay spreadsheet (2026). Retrieved 2026-09-29.
  7. U.S. Office of Personnel Management, 2026 Locality Pay Area Definitions (counties in each pay area) (2026). Retrieved 2026-09-29.
  8. Tax Foundation, State Individual Income Tax Rates and Brackets, 2026 (2026). Retrieved 2026-09-29.
  9. U.S. Census Bureau, Cartographic boundary file: states, 1:20,000,000 (2024) (2024). Retrieved 2026-09-29.
  10. U.S. Census Bureau, Gazetteer file: core based statistical areas (2025) (2025). Retrieved 2026-09-29.
  11. U.S. Census Bureau, American Community Survey 5-year estimates, 2020-2024, table C24010 (occupation of employed residents) by ZIP code area (2024). Retrieved 2026-09-29.
  12. U.S. Census Bureau, ZIP Code Tabulation Area relationship files (2020; Connecticut 2022) and Gazetteer locations (2025) (2025). Retrieved 2026-09-29.
  13. U.S. Census Bureau, Cartographic boundary files (ZIP code areas 2020; counties and states 2024) and TIGER/Line primary roads (2024) (2024). Retrieved 2026-09-29.
  14. Internal Revenue Service, Rev. Proc. 2025-32 (2026 tax brackets and standard deduction) (2026). Retrieved 2026-09-29.
  15. Internal Revenue Service, Publication 15 (Circular E), Employer's Tax Guide for 2026 (Social Security and Medicare) (2026). Retrieved 2026-09-29.
  16. U.S. Department of Labor, Employment and Training Administration, O*NET 31.0 Database: Job Titles (used under CC BY 4.0; O*NET is a trademark of USDOL/ETA) (2026). Retrieved 2026-10-14.