Peoria Metro Area, IL Cost of Living


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United States / Illinois / Peoria Metro Area / Counties / Cities / Zip Codes
How much do I need to live in Peoria, Illinois?
$2,220 / month
for a family, 58.9% less expensive than the national average A total of $26,640 for the year for a family.
$2,333 / month
for a single person, 51.1% less expensive than the national average A total of $28,000 for the year for a single person.

Peoria cost of living score
78.1
Less expensive
21.9% lower
than the US average
16.6% lower
than the Illinois average
Peoria Illin Metro Area, Illinois gets a BestPlaces Cost of Living score of 78.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 21.9% lower than the U.S. average and 16.6% higher than the average for Illinois.

Peoria Metro Area, IL

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.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesPeoriaIllinoisUnited States
    Unlock93.7100.0
  94.2  Unlock100.0
    Unlock96.9100.0
  42.7  Unlock100.0
    Unlock$241,700$338,100
  96.2  Unlock100.0
    Unlock106.2100.0
  135.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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