Housing costs in Peoria?
A typical home costs
$162,400, which is 52.0% less expensive than the national average of
$338,100 and 32.8% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Peoria costs
$970 per month, which is 23.0% cheaper than the national average of
$1,260 and 8.2% more than the state average of
$890.
Can I afford Peoria?
To live comfortably in Peoria (zip 61614), Illinois, a minimum annual income of
$30,960 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Peoria?
The cost of living in 61614 Peoria, IL is slightly below the national average. The median home value in Peoria hovers around $95,000, and the median rent is a modest $731 per month. Groceries here are generally inexpensive, with an overall index score of 92.7 compared to the national average of 100. Utility costs are also low here; electricity rates are about 8% lower than the national average and natural gas prices are about 4% lower than the national average. Additionally, gasoline expenses are about 8% cheaper than the national average as well. All in all, life in 61614 Peoria, IL is relatively affordable for residents here.