salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (75.7%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $36,520 a year. That is $18 an hour at a full-time job.
Is rent cheaper than other Illinois cities?
Yes. Rent here is cheaper than in most of Illinois. It is number 36 of 334 cities from cheapest to most expensive.
How much do households earn in East Peoria?
Share of households by yearly income. 22.8% of households earn $100,000 or more.
Rent by apartment size in East Peoria
| Size | East Peoria | U.S. average |
|---|---|---|
| Studio | $711 | $1,338 |
| 1 bedroom | $793 | $1,324 |
| 2 bedrooms | $1,041 | $1,509 |
| 3 bedrooms | $1,223 | $1,698 |
| 4 bedrooms | $1,047 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is East Peoria overall?
Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for East Peoria, so the Illinois figure is shown.
Taxes and bills in East Peoria
Life in East Peoria
Is it cheaper to rent or buy in East Peoria?
Renting is cheaper right now: about $221 a month less.
Owning assumes a typical $163,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,350 for the down payment.
Frequently asked questions
What is the average rent in East Peoria, IL?
Renting in East Peoria costs a median of about $913 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in East Peoria?
To keep rent under 30% of income, you need about $36,520 a year, or $18 an hour at a full-time job.
Is East Peoria cheap or expensive?
East Peoria is rated Cheap: rent takes 14.1% of the typical household income of $77,472. It ranks 36th cheapest of 334 Illinois cities we track.
How much are property taxes in East Peoria?
The median homeowner in East Peoria pays $3,880 a year in property taxes, about 2.37% of the median home value.
Is East Peoria more expensive than the national average?
Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in East Peoria?
The median home value in East Peoria is $163,500, about 2.1 times the typical yearly household income.
22,324 people live in East Peoria. Numbers are typical (middle) values.