Santa Fe vs Peoria for Families (2026)
Scroll down for childcare estimates, home price-to-income ratios, and FAQ.
Full family cost breakdown
| Metric | Santa Fe New Mexico | Peoria Illinois |
|---|---|---|
| Studio rent / month | $1,200 | $850Better |
| 2BR rent / month | $2,050 | $1,400Better |
| Median home price | $480K | $175KBetter |
| Median household income | $58KBetter | $50K |
| Est. childcare / month | $1,287 | $1,079Better |
| State income tax | 4.9%Better | 5% |
| Sales tax (combined) | 7.7%Better | 8.5% |
| Monthly utilities | $158Better | $158 |
| Groceries index (US = 100) | 99 | 95Better |
Frequently asked questions
Which city is better for raising a family — Santa Fe or Peoria?
Santa Fe and Peoria are closely matched for families overall. Housing costs, income levels, and taxes are comparable. Your specific priorities — school quality, commute, outdoor space — should drive the decision.
What is the average 2-bedroom rent in Santa Fe vs Peoria?
As of Q1 2026, median 2BR rent is $2,050/month in Santa Fe and $1,400/month in Peoria. Peoria is 32% cheaper for a family-sized apartment.
Can a family afford to buy a home in Santa Fe or Peoria?
The price-to-income ratio in Santa Fe is 8.3× ($480K median home, $58K median income). In Peoria it's 3.5× ($175K home, $50K income). A ratio below 3× is generally considered affordable — Peoria is more achievable for first-time family homebuyers.
How much does childcare cost in Santa Fe vs Peoria?
Estimated infant/toddler childcare runs approximately $1,287/month in Santa Fe and $1,079/month in Peoria, based on national averages scaled by each city's cost-of-living index. Annual childcare cost difference: ~$2,496/year.
Which city has lower taxes for families?
Santa Fe has a 4.9% state income tax rate vs Peoria's 5% rate. For a dual-income family earning $120K combined, that difference is roughly $10/month in take-home pay.
$100K in Santa Fe has the same purchasing power as $84K in Peoria
Childcare estimates based on national avg scaled by COL index · Data: Zillow, BLS, Numbeo, Tax Foundation · Q1 2026