Housing costs in Peoria?
A typical home costs
$139,400, which is 58.8% less expensive than the national average of
$338,100 and 42.3% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Peoria costs
$890 per month, which is 37.8% cheaper than the national average of
$1,430 and 41.6% cheaper than the state average of
$1,260.
Can I afford Peoria?
To live comfortably in Peoria Illin Metro Area, Illinois, a minimum annual income of
$26,640 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Peoria?
The cost of living in Peoria, IL Metro Area is 78.1, which is significantly lower than the national average of 100. The median house value in the area is also considerably lower than the national average, at $139,400 compared to $338,100. This makes Peoria an attractive option for those seeking a more affordable place to live while still having access to all of life's amenities. Peoria is a great choice for anyone looking for a high quality of life without breaking the bank.