Housing costs in Peoria?
A typical home costs
$130,300, which is 61.5% less expensive than the national average of
$338,100 and 46.1% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Peoria costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 31.3% cheaper than the state average of
$1,260.
Can I afford Peoria?
To live comfortably in Peoria, Illinois, a minimum annual income of
$24,840 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Peoria?
Peoria is an affordable city for those looking for a more cost-effective living option within the Midwest. The median house value comes in at approximately $120K while rent stays rather low at around $750 per month - making it one of the best bargains found throughout Illinois. Groceries also average slightly below US levels thanks largely to local taxes & regulations but sales tax remains fixed at 8%.