salaryRent is higher than in 76% of U.S. cities. A typical house costs about 4.5 years of household income. Most homes (76%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $87,400 a year. That is $42 an hour at a full-time job.
Is rent cheaper than other Arizona cities?
No. Rent here is more expensive than in most of Arizona. It is number 76 of 93 cities from cheapest to most expensive.
Compare Peoria with other big cities
Compare Peoria to 149 other cities →
How much do households earn in Peoria?
Share of households by yearly income. 37.6% of households earn $100,000 or more.
Rent by apartment size in Peoria
| Size | Peoria | U.S. average |
|---|---|---|
| Studio | $1,504 | $1,338 |
| 1 bedroom | $1,810 | $1,324 |
| 2 bedrooms | $1,814 | $1,509 |
| 3 bedrooms | $2,180 | $1,698 |
| 4 bedrooms | $2,367 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Peoria overall?
Everyday prices in Arizona overall are 1% above the U.S. average (index 100.7, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Peoria, so the Arizona figure is shown.
Taxes and bills in Peoria
Life in Peoria
Is it cheaper to rent or buy in Peoria?
Renting is cheaper right now: about $1,032 a month less.
Owning assumes a typical $463,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $46,360 for the down payment.
Frequently asked questions
What is the average rent in Peoria, AZ?
Renting in Peoria costs a median of about $2,185 a month in 2026, including utilities. The Arizona median is $1,671.
How much do I need to make to live in Peoria?
To keep rent under 30% of income, you need about $87,400 a year, or $42 an hour at a full-time job.
Is Peoria cheap or expensive?
Peoria is rated OK: rent takes 25.4% of the typical household income of $103,336. It ranks 76th cheapest of 93 Arizona cities we track.
How much are property taxes in Peoria?
The median homeowner in Peoria pays $2,160 a year in property taxes, about 0.47% of the median home value.
Is Peoria more expensive than the national average?
Overall prices in Arizona are 1% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Peoria?
The median home value in Peoria is $463,600, about 4.5 times the typical yearly household income.
196,906 people live in Peoria. Numbers are typical (middle) values.