CostByCity

Cost of Living in Peoria, IL

2024 data from the Bureau of Economic Analysis

Cost Index
91.2
8.8% below avg
Housing Index
63.8
Median Income
$67,718
Median Rent
$881/mo

Cost Breakdown

Overall91.2 (-8.8%)
Housing63.8 (-36.2%)
Goods93.6 (-6.4%)
Utilities90.5 (-9.5%)
Other Services99.6 (-0.4%)

National average = 100

Income & Housing

Median Household Income
$67,718/year
Median Home Value
$151,300
Median Monthly Rent
$881/mo
Per Capita Income
$38,124/year

Compare Peoria, IL With

Peoria, IL vs Lewiston, IDPeoria, IL vs Lubbock, TXPeoria, IL vs Killeen, TXPeoria, IL vs Staunton, VAPeoria, IL vs Fayetteville, ARPeoria, IL vs Spartanburg, SCPeoria, IL vs Bismarck, NDPeoria, IL vs Toledo, OHPeoria, IL vs Chattanooga, TNPeoria, IL vs Mankato, MN

Frequently Asked Questions

Is Peoria, IL expensive to live in?
Peoria, IL has a cost of living index of 91.2, which is 8.8% below the national average.
How much does housing cost in Peoria, IL?
Housing costs in Peoria, IL are indexed at 63.8 compared to the national average of 100. The median monthly rent is $881.
What is the average income in Peoria, IL?
The median household income in Peoria, IL is $67,718 per year.
What is the average home price in Peoria, IL?
The median home value in Peoria, IL is $151,300.