Peoria, Arizona is a great place to live. It has a population of about 175,000 people and is located in Maricopa County. The cost of living in Peoria is relatively low compared to the US average; for example, 2 bedroom rent averages around $2,540 versus $1,430 nationwide. Also, grocery costs are indexed at 101 in Peoria versus 100 nationally. This makes it an attractive option for those looking for affordable living while still maintaining access to amenities and services.
There are plenty of local businesses that contribute positively to the low cost of living in Peoria. Kroger’s Marketplace is one such business that offers discounts on groceries and other household items. Bedroom furniture store Red Tag Furniture provides quality furniture at a fraction of the price found elsewhere, enabling residents of Peoria to decorate their homes affordably without sacrificing style or comfort. Finally, there are many locally owned restaurants offering reasonably priced meals that draw customers from out of town as well as locals.
In short, local businesses help keep rental prices lower than they would be otherwise by providing goods and services at discounted costs or with higher quality than would be available elsewhere. This ultimately serves to make Peoria an even more attractive destination for those looking for an affordable place to call home.
Peoria (zip 85383) has an unemployment rate of 5.8%. The US average is 6.0%.
Peoria (zip 85383) has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Peoria (zip 85383)
- The Sales Tax Rate for Peoria (zip 85383) is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Peoria (zip 85383) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Peoria (zip 85383)
- The average income of a Peoria (zip 85383) resident is $39,095 a year. The US average is $28,555 a year.
- The Median household income of a Peoria (zip 85383) resident is $125,200 a year. The US average is $69,021 a year.