Housing costs in Peoria?
A typical home costs
$152,500, which is 54.9% less expensive than the national average of
$338,100 and 36.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Peoria costs
$950 per month, which is 24.6% cheaper than the national average of
$1,260 and 6.3% more than the state average of
$890.
Can I afford Peoria?
To live comfortably in Peoria (zip 61625), Illinois, a minimum annual income of
$29,160 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Peoria?
The cost of living in 61625 Peoria, IL is fairly low compared to other parts of the country. The median home price for homes in this area is around $124,000, which is relatively affordable when compared to larger cities and states. In addition, rent prices are also quite reasonable with a one-bedroom apartment averaging around $600 per month. Groceries and other everyday needs can be purchased at an affordable cost on average. With all these relatively low costs, it makes 61625 Peoria, IL a great place to live for those looking for an affordable lifestyle.