Here's what it costs to live in Peoria, Illinois, based on the latest US government data. Renters pay a median of $951 per month, while the typical home is valued around $149,500. Households earn a median of $58,716 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$58,716
Annual · Census ACS
Median Gross Rent
$951
Per month · Census ACS
Median Home Value
$149,500
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$758
HUD Fair Market Rent
1BR Fair Market Rent
$818
HUD FMR
2BR Fair Market Rent
$1,039
HUD FMR
3BR Fair Market Rent
$1,346
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
4.95%
Top marginal rate
State Sales Tax
6.25%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
112,126
Latest estimate
Median Age
35.8 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Peoria?
The cost of living index for Peoria is not yet available in our database.
What is the median rent in Peoria?
The median gross rent in Peoria is $951 per month according to US Census ACS data.
What is the median household income in Peoria?
The median household income in Peoria is $58,716 per year.
What is the median home value in Peoria?
The median home value in Peoria is $149,500 based on the latest Census ACS survey.
How is the air quality in Peoria?
Air quality data for Peoria is not yet available.
What are the taxes like in Peoria?
Illinois has a top state income tax rate of 4.95% and a statewide sales tax of 6.25% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology