Living in Peoria, Illinois
Cost of living, income, home prices, rent and demographics of Peoria · Census data 2020–2024
Peoria has 112,169 residents with a median age of 35.5. The median household income is $59,410 (29% lower than the Illinois median), the median home value is $156,200, the median rent is $1,005/month.
Peoria at a glance
- Population
- 112,169
- Median age
- 35.5State: 39
- Median household income
- $59,410State: $83,390
- Median home value
- $156,200State: $263,300
- Median rent
- $1,005/moState: $1,274
- Homeowners
- 57.5%
- Bachelor's degree or higher
- 37.7%
- Average commute
- 18 min
Is Peoria a good place to live?
Pros: Home values 41% lower than the state median; an average commute of 18 minutes.
Cons: Median household income 29% lower than the Illinois median; unemployment of 7.5%; a poverty rate of 21%.
The weather is best in May–June and August–September.
Cost of living in Peoria
Housing is the biggest part of the cost of living. In Peoria the median home value is $156,200, 53% lower than the U.S. median. Renters pay a median of $1,005 per month, which is 30% of household income. Homeowners with a mortgage pay $1,525 a month in housing costs.
Peoria median household income
The median household income in Peoria is $59,410 and the income per person is $38,466. 21% of residents live below the poverty line (Illinois: 11.8%).
Housing in Peoria: homes for sale and rent
- Housing units
- 54,010
- Owner-occupied
- 57.5%
- Renter-occupied
- 42.5%
- Vacant
- 9.2%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.20
Peoria demographics
- Population
- 112,169
- Median age
- 35.5
- Under 18
- 24.4%
- 65 and older
- 16.8%
- Households
- 49,037
- Foreign-born
- 10.1%
- Veterans
- 5.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Peoria ›
Education in Peoria
37.7% of adults 25 and older in Peoria have a bachelor's degree or higher (Illinois: 37.8%), and 15.7% have a graduate or professional degree.
Jobs and commute in Peoria
- Unemployment rate
- 7.5%State: 5.8%
- Average commute
- 18 minState: 28 min
- Work from home
- 11.6%
- Drive alone
- 74.6%
- Public transit
- 1.7%
- Walk to work
- 2%
- Homes with broadband
- 89.6%
Peoria vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Peoria | 112,169 | $59,410 | $156,200 | $1,005 |
| Peoria Heights | 5,825 | $60,099 | $117,700 | $913 |
| West Peoria | 4,238 | $66,098 | $93,900 | $1,199 |
| Norwood | 532 | $69,583 | $97,000 | $975 |
| Bellevue | 2,106 | $60,987 | $121,300 | $943 |
| Bay View Gardens | 281 | $52,679 | $122,800 | $787 |
| Spring Bay | 520 | $61,389 | $130,200 | $1,071 |
| East Peoria | 22,324 | $71,833 | $163,500 | $886 |
| Dunlap | 1,360 | $141,552 | $289,600 | $976 |
More for people moving to Peoria
Peoria ZIP code ›Weather and climate ›Living in Peoria: FAQ
What is the median household income in Peoria, IL?
The median household income in Peoria is $59,410, 29% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Peoria?
The median home value in Peoria is $156,200, compared with $263,300 in Illinois.
How much is rent in Peoria?
The median gross rent in Peoria is $1,005 per month, about 30% of household income.
Is Peoria, IL a good place to live?
Pluses: home values 41% lower than the state median; an average commute of 18 minutes. Minuses: median household income 29% lower than the Illinois median; unemployment of 7.5%; a poverty rate of 21%.
What is the median age in Peoria?
The median age in Peoria is 35.5 years (Illinois: 39).
How long is the commute in Peoria?
The average commute to work in Peoria is 18 minutes; 11.6% of workers work from home.
What is the unemployment rate in Peoria?
The unemployment rate in Peoria is 7.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Peoria?
37.7% of adults in Peoria have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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