Housing costs in Peoria?
A typical home costs
$285,200, which is 15.6% less expensive than the national average of
$338,100 and 18.0% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Peoria costs
$1,160 per month, which is 18.9% cheaper than the national average of
$1,430 and 8.6% cheaper than the state average of
$1,260.
Can I afford Peoria?
To live comfortably in Peoria (zip 61525), Illinois, a minimum annual income of
$54,720 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Peoria?
The cost of living in 61525 Peoria, IL is quite affordable compared to some other cities. The median home value is $107,400 which is slightly less than the state average of $133,400. Additionally, the median household income is around $58,788 while the unemployment rate stands at just 4%. These factors make Peoria a great place for those looking to save money while still being able to enjoy all that the city has to offer. There are plenty of restaurants and entertainment options available without having to break the bank. In addition to lower costs for housing and food, there are also lower overall taxes in this area which makes it even more attractive for potential new residents.