Zip 61603 (Peoria, IL) Economy


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Peoria, IL is a great city to live in with many local attractions. Located in the 61603 zip code, it has a 2 bedroom rent of $990 which makes it much more affordable than the U.S. rate of $1,430. Grocery Cost Index in Peoria is also lower at 91 compared to 100 in the US. This city offers plenty of things to do around town such as visiting St Mary’s Cathedral, the Peoria Riverfront Museum or even shopping at stores like Target, Walgreens and Lowe’s. It's also home to multiple companies such as OSF Saint Francis Medical Center, Caterpillar Inc., CEFCU and many other businesses that provide plenty of career opportunities. There are many more places to explore in Peoria such as Grandview Drive Overlook Park and Wildlife Prairie State Park which offer beautiful views of nature and a chance to get outdoors.

Peoria (zip 61603) has an unemployment rate of 9.0%. The US average is 6.0%.

Peoria (zip 61603) 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 (zip 61603)
- The Sales Tax Rate for Peoria (zip 61603) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Peoria (zip 61603) 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 (zip 61603)
- The average income of a Peoria (zip 61603) resident is $17,251 a year. The US average is $28,555 a year.
- The Median household income of a Peoria (zip 61603) resident is $34,589 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPeoria, IllinoisUnited States
  96
  -7.5%-6.2%
  17.4%33.5%
  9.0%6.2%
  5.0%4.6%
  $21,472$37,638
  $34,589$69,021
  $44,661$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  4.9%6.8%
  11.3%10.0%
  1.5%2.5%
  10.3%11.0%
  4.3%4.8%
  0.5%0.8%
  0.5%1.9%
  1.5%4.7%
  2.0%1.9%
  1.6%7.6%
  0.4%0.1%
  7.9%4.2%
  12.3%9.3%
  19.0%14.0%
  2.6%2.1%
  13.3%7.0%
  4.9%4.8%
  1.1%4.7%
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