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Peoria, Illinois 18 Reviews | Leave a Comment



Pros

-Cost of living
-Healthcare
-Attractive residential areas

Cons

-Economic cycles
-Entertainment
-Air service


What Bert Has To Say About Peoria Metro Area


Peoria is a pleasant, small community that is one of the oldest cities in the state. It is a business, industrial, and agricultural center known as the headquarters for Caterpillar, Inc. and the heavy-equipment industry. It is also home to the United States Agricultural Research Laboratory. Consistent with its mainstream Midwestern stereotype, life in Peoria is generally quiet. Downtown is clean and unremarkable but has some new entertainment venues, including a new museum center, civic center and high-rise residential units. The Illinois River waterfront is nice, and attractive older residential areas surround the city in the nearby hills.

Cost of living and home prices are attractive, especially on a national scale. The nature of Caterpillar and the equipment business suggests economic cycles. There have been periods of extended economic malaise, but the industrial/commercial base is growing and diversifying. Peoria is home to the 6,000-student Bradley University, and educational attainment is high for a small town. The city is also home to a strong healthcare sector, including three hospitals and the University of Illinois College of Medicine.

Peoria is situated next to the Illinois River in a shallow river valley, surrounded by gently rolling terrain. The climate is continental with typically changeable weather and a wide range of temperatures. Summer is generally pleasant, with some humid periods mid-season. Most precipitation falls in summer, mainly as thunderstorms. Falls are pleasant, with frequent periods of long, warm, dry days. Winter brings a mix of rain and snow. First freeze is late October, last is late April.


Highlights



Quick Facts About Peoria


    ECONOMY
    The unemployment rate in Peoria is 7.80 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Peoria jobs have Increased by 1.27 percent.
    COST OF LIVING
    Compared to the rest of the country, Peoria's cost of living is 15.00% Lower than the U.S. average.
    POPULATION
    As of 2014, Peoria's population is 114,754 people. Since 2000, it has had a population growth of 0.58 percent.
    TRANSPORTATION
    Average Commute time is 17 minutes. The National Average is 25 minutes.
    REAL ESTATE
    The median home cost in Peoria is $82,900. Home appreciation the last year has been 0.20 percent.
    SCHOOLS
    Peoria public schools spend $12,479 per student. The average school expenditure in the U.S. is $12,435. There are about 16.7 students per teacher in Peoria.

Best Places to Live in Peoria, Illinois



Peoria Housing Market


It's a good time to buy in Peoria. Home Appreciataion is up 0.2% in the last 12 months. Browse Peoria Real Estate.
The median home price in Peoria is $82,900. Browse Homes in this Range.
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Comments


Peoria is...
The City of Peoria is a river town. It is located in the Illinois River Valley on the banks of the Illinois River - a deep channel commercial shipping lane this is also... (read more)
Peoria, Illinois
Small town living is the truth here in Peoria. Not too quick to move forward, Peoria is a nice place to raise a family. The anchor here is Caterpillar, which employs a... (read more)
re: The Caterpillar mining town - 5/27/2007
Caterpillar isn't really "the only game in town". Bradley University is also based here. Caterpillar is indeed the largest employer by far, but at least it's not like... (read more)
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