Peoria, IL (zip code 61615) is a vibrant city that is home to many well-known companies such as Caterpillar Inc., Jumer’s Casino & Hotel, and OSF Healthcare. The cost of living in Peoria is fairly low with the average rent for a two bedroom apartment costing $1,010. This is much cheaper than the US average of $1,430 for the same size. Additionally, the grocery cost index in Peoria is 97 compared to 100 in the US making it more affordable to live here. These factors contribute to why so many people and businesses are drawn to this unique Illinois city.
Peoria (zip 61615) has an unemployment rate of 9.0%. The US average is 6.0%.
Peoria (zip 61615) 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 17.4%, which is lower than the US average of 33.5%.
Tax Rates for Peoria (zip 61615)
- The Sales Tax Rate for Peoria (zip 61615) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Peoria (zip 61615) 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 61615)
- The average income of a Peoria (zip 61615) resident is $52,042 a year. The US average is $37,638 a year.
- The Median household income of a Peoria (zip 61615) resident is $77,742 a year. The US average is $69,021 a year.