Peoria Heights, IL is a small town located in central Illinois and is known for its unique culture and close-knit community. The 2 bedroom rent in the area is significantly lower than the national average at $850 compared to $1430. It is also relatively affordable when it comes to groceries, as Peoria Heights has an index of 91 versus 100 in the US. This makes it an ideal location for people looking for a place to call home on a budget. The town offers many amenities, including several local businesses such as Peoria Brewing Company, Uptown Coffee Bar, and The Market Bistro & Café. All offer delicious food and drinks with that hometown flare Peoria Heights embodies.
Peoria Heights has an unemployment rate of 8.2%. The US average is 6.0%.
Peoria Heights 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 17.6%, which is lower than the US average of 33.5%.
Tax Rates for Peoria Heights
- The Sales Tax Rate for Peoria Heights is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Peoria Heights 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 Heights
- The average income of a Peoria Heights resident is $28,107 a year. The US average is $28,555 a year.
- The Median household income of a Peoria Heights resident is $51,826 a year. The US average is $69,021 a year.