Living in Peru, Illinois
Cost of living, income, home prices, rent and demographics of Peru · Census data 2020–2024
Peru has 9,775 residents with a median age of 45.7. The median household income is $74,808 (10% lower than the Illinois median), the median home value is $154,300, the median rent is $921/month.
Peru at a glance
- Population
- 9,775
- Median age
- 45.7State: 39
- Median household income
- $74,808State: $83,390
- Median home value
- $154,300State: $263,300
- Median rent
- $921/moState: $1,274
- Homeowners
- 75%
- Bachelor's degree or higher
- 23.1%
- Average commute
- 19 min
Is Peru a good place to live?
Pros: Home values 41% lower than the state median; an average commute of 19 minutes; unemployment of 2.5%; a poverty rate of 9%.
Cons: Median household income 10% lower than the Illinois median.
The weather is best in May–June and August–September.
Cost of living in Peru
Housing is the biggest part of the cost of living. In Peru the median home value is $154,300, 54% lower than the U.S. median. Renters pay a median of $921 per month, which is 24.9% of household income. Homeowners with a mortgage pay $1,255 a month in housing costs.
Peru median household income
The median household income in Peru is $74,808 and the income per person is $42,211. 9% of residents live below the poverty line (Illinois: 11.8%).
Housing in Peru: homes for sale and rent
- Housing units
- 4,853
- Owner-occupied
- 75%
- Renter-occupied
- 25%
- Vacant
- 7.7%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 2.13
Peru demographics
- Population
- 9,775
- Median age
- 45.7
- Under 18
- 19.6%
- 65 and older
- 23.9%
- Households
- 4,480
- Foreign-born
- 5%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Peru ›
Education in Peru
23.1% of adults 25 and older in Peru have a bachelor's degree or higher (Illinois: 37.8%), and 8.5% have a graduate or professional degree.
Jobs and commute in Peru
- Unemployment rate
- 2.5%State: 5.8%
- Average commute
- 19 minState: 28 min
- Work from home
- 5.4%
- Drive alone
- 80.1%
- Public transit
- 0.7%
- Walk to work
- 0.7%
- Homes with broadband
- 83.9%
Peru vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Peru | 9,775 | $74,808 | $154,300 | $921 |
| Dalzell | 736 | $77,500 | $161,700 | $919 |
| LaSalle | 9,498 | $57,732 | $113,500 | $1,045 |
| Spring Valley | 5,476 | $70,598 | $153,300 | $915 |
| Ladd | 1,356 | $67,321 | $129,600 | $778 |
| Oglesby | 3,570 | $76,189 | $139,700 | $888 |
| North Utica | 1,282 | $104,028 | $237,500 | $1,292 |
| Cherry | 534 | $59,545 | $107,900 | $675 |
| Cedar Point | 262 | $73,125 | $90,000 | $1,288 |
More for people moving to Peru
Peru ZIP code ›Weather and climate ›Living in Peru: FAQ
What is the median household income in Peru, IL?
The median household income in Peru is $74,808, 10% 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 Peru?
The median home value in Peru is $154,300, compared with $263,300 in Illinois.
How much is rent in Peru?
The median gross rent in Peru is $921 per month, about 24.9% of household income.
Is Peru, IL a good place to live?
Pluses: home values 41% lower than the state median; an average commute of 19 minutes; unemployment of 2.5%; a poverty rate of 9%. Minuses: median household income 10% lower than the Illinois median.
What is the median age in Peru?
The median age in Peru is 45.7 years (Illinois: 39).
How long is the commute in Peru?
The average commute to work in Peru is 19 minutes; 5.4% of workers work from home.
What is the unemployment rate in Peru?
The unemployment rate in Peru is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Peru?
23.1% of adults in Peru 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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