Housing costs in Peoria?
A typical home costs
$101,100, which is 70.1% less expensive than the national average of
$338,100 and 58.2% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Peoria costs
$860 per month, which is 31.7% cheaper than the national average of
$1,260 and 3.5% cheaper than the state average of
$890.
Can I afford Peoria?
To live comfortably in Peoria (zip 61606), Illinois, a minimum annual income of
$19,440 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Peoria?
The cost of living in Peoria, IL is relatively affordable compared to other cities. The overall index of cost of living for the area is 8.2% lower than the national average, which makes it a good option for those looking to live comfortably in the Midwest without breaking their budget. Groceries, health care and utilities are all relatively inexpensive in this city, with housing costs being slightly higher than the national average but still reasonable. Peoria offers its residents a great quality of life at an affordable price point that makes it an attractive option for those looking for a place to live that won't break their budget.