City comparison
Albany, NY vs Peoria, IL
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Prices in Albany, NY are 9.1% higher than in Peoria, IL. Someone earning $100,000 in Peoria, IL would need about $109,100 in Albany, NY to live the same way.
- Rent is the bigger story: a typical 1-bedroom costs $1,417 a month in Albany, NY versus $818 in Peoria, IL. On $100,000, that's 23% of take-home pay in Albany, NY and 13% in Peoria, IL.
- Estimated state income tax on $100,000 is close: $4,860 a year in NY and $4,805 in IL.
- For federal employees, locality pay changes a GS-13 step 1 salary by −3.1% moving from Albany, NY to Peoria, IL ($109,810 → $106,437), while prices change by −8.4%. Net effect of the transfer: +5.8% in real buying power.
- Albany, NY: price level 99.6 (about average)
- Peoria, IL: price level 91.2 (much cheaper)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Albany, NY | Peoria, IL | |
|---|---|---|
| Price level (U.S. = 100)2 | 99.6 | 91.2 |
| $100,000 is worth, in the other city2 | $91,629 in Peoria | $109,136 in Albany |
| Typical 1-bedroom rent3 | $1,417/mo | $818/mo |
| Take-home on $100,00014,15,8 | $74,320 | $74,375 |
| State income tax on $100,000 (estimate)8 | $4,860 (NY) | $4,805 (IL) |
| Rent burden on $100,000 | 23% | 13% |
| Median pay, all jobs4 | $58,460 | $49,590 |
| Federal locality pay area7 | Albany-Schenectady, NY-MA | Rest of U.S. |
Rent areas: Albany-Schenectady-Troy, NY MSA and Peoria, IL MSA. Metro areas: Albany-Schenectady-Troy, NY and Peoria, IL.
What costs more or less
| Price level (U.S. = 100) | Albany | Peoria |
|---|---|---|
| Housing (rent) | 102.6 | 63.8 |
| Goods | 99.7 | 93.6 |
| Utilities | 134.0 | 90.5 |
| Other services | 97.8 | 99.6 |
| Overall | 99.6 | 91.2 |
Moving with the same $100,000 salary
Albany, NY → Peoria, IL
Same pay goes further
Buying power +9.1%; rent takes 13% of take-home; state tax −$55/yr.
97 Strong offer
Peoria, IL → Albany, NY
Same pay buys less
Buying power −8.4%; rent takes 23% of take-home; state tax +$55/yr.
43 Weak offer
On the GS pay scale?
Albany, NY is in the Albany-Schenectady, NY-MA pay area; Peoria, IL is in Rest of U.S.. The last column shows what a transfer from Albany, NY to Peoria, IL at the same grade and step does to real buying power.
| Grade5,2 | Albany, NY | Peoria, IL | Real change, Albany → Peoria |
|---|---|---|---|
| GS-9 step 1 | $63,678 | $61,722 | +5.8% |
| GS-11 step 1 | $77,045 | $74,678 | +5.8% |
| GS-12 step 1 | $92,344 | $89,508 | +5.8% |
| GS-13 step 1 | $109,810 | $106,437 | +5.8% |
| GS-14 step 1 | $129,763 | $125,776 | +5.8% |
Pay for common jobs
| Median annual pay4 | Albany, NY | Peoria, IL | Peoria pay in Albany dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $79,240 | $57,440 | $62,688 (−20.9%) |
| Software Developers | $127,910 | $130,590 | $142,521 (+11.4%) |
| Accountants and Auditors | $84,660 | $79,540 | $86,807 (+2.5%) |
| Registered Nurses | $99,970 | $81,010 | $88,411 (−11.6%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.