Peoria, IL is a great place to live. It offers affordable rent costs, with 2 bedrooms priced at $960 compared to the US average of $1,430. Grocery costs are also much lower in Peoria than most parts of the country, with an index of 93 versus 100 in the US. There are plenty of local job opportunities from large companies like Caterpillar Inc or OSF HealthCare, as well as smaller businesses across the city. For those looking for entertainment, there's lots to do in Peoria like visiting the Peoria Riverfront Museum or hiking along the Rock Island Trail.
Peoria has an unemployment rate of 9.0%. The US average is 6.0%.
Peoria has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 17.4%, which is lower than the US average of 33.5%.
Tax Rates for Peoria
- The Sales Tax Rate for Peoria is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Peoria is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Peoria
- The average income of a Peoria resident is $27,546 a year. The US average is $28,555 a year.
- The Median household income of a Peoria resident is $53,568 a year. The US average is $69,021 a year.