Residents of 61616 Peoria Heights, IL can expect to find an affordable cost of living. On average, a two bedroom apartment rents for $870. This is significantly lower than the US average cost of $1,430 for similar sized apartments. Additionally, the grocery cost index in 61616 Peoria Heights is 91 versus the national 100 index. This means groceries are slightly cheaper than average when compared to the rest of the country.
The city itself has much to offer its residents and visitors alike. It is home to several popular local stores and businesses such as The Humble Coffee Company, Galesburg Brewing Co., and Country Financial Insurance Agency & Solutions Center. With its abundant employment opportunities and low cost of living, 61616 Peoria Heights makes a great place for people looking to settle down or just move temporarily.
Peoria Heights (zip 61616) has an unemployment rate of 8.2%. The US average is 6.0%.
Peoria Heights (zip 61616) has seen the job market decrease by -7.5% 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 (zip 61616)
- The Sales Tax Rate for Peoria Heights (zip 61616) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Peoria Heights (zip 61616) 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 (zip 61616)
- The average income of a Peoria Heights (zip 61616) resident is $37,072 a year. The US average is $37,638 a year.
- The Median household income of a Peoria Heights (zip 61616) resident is $51,826 a year. The US average is $69,021 a year.