Housing costs in Peoria?
A typical home costs
$89,000, which is 73.7% less expensive than the national average of
$338,100 and 63.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Peoria costs
$870 per month, which is 31.0% cheaper than the national average of
$1,260 and 2.3% cheaper than the state average of
$890.
Can I afford Peoria?
To live comfortably in Peoria (zip 61604), Illinois, a minimum annual income of
$16,920 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Peoria?
The cost of living in 61604 Peoria, IL is quite reasonable compared to other areas of the country. The median home cost is around $100,000, which is much lower than the national average and provides an affordable housing option for many families. The cost of groceries also tends to be lower than in other places due to the abundance of local produce and goods. In addition, transportation costs are relatively low with public transit options being available and gas prices usually being well below the national average. All together these factors make living in 61604 Peoria, IL a relatively affordable choice for those looking for a place to live.