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Peoria Metro Area, Illinois


Pros

-Cost of living
-Healthcare
-Attractive residential areas

Cons

-Economic cycles
-Entertainment
-Air service

Location

North-central Illinois, 135 miles southwest of Chicago
Profile: Mid-sized city
Elevation: 662
Time zone: Central Standard Time

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


COUNTRY - United States
STATE - Illinois
COUNTY - Peoria, Tazewell, ... 5 total
METRO AREA - Peoria Metro Area
CITY - Peoria, Peoria City township, ... 137 total
ZIP CODES - 61554, 61604, ... 65 total
REAL ESTATE - For Sale  For Rent

Quick Facts About Peoria


ECONOMY
The unemployment rate in Peoria Metro Area is 7.00 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Peoria Metro Area jobs have Increased by 1.27 percent.

COST OF LIVING
Compared to the rest of the country, Peoria Metro Area's cost of living is 10.60% Lower than the U.S. average.

POPULATION
As of 2014, Peoria Metro Area's population is 378,886 people. Since 2000, it has had a population growth of 3.27 percent.

TRANSPORTATION
Average Commute time is 20 minutes. The National Average is 25 minutes.

REAL ESTATE
The median home cost in Peoria Metro Area is $106,200. Home appreciation the last year has been 0.20 percent.

SCHOOLS
Peoria Metro Area public schools spend $11,895 per student. The average school expenditure in the U.S. is $12,435. There are about 16.9 students per teacher in Peoria Metro Area.


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 $106,200. Browse Homes in this Range.
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