salaryRent is lower than in 77% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 16.7 minutes.
How much money do I need?
To rent here comfortably, you should earn about $47,480 a year. That is $23 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 88 of 334 cities from cheapest to most expensive.
How much do households earn in Peoria Heights?
Share of households by yearly income. 19.7% of households earn $100,000 or more.
Rent by apartment size in Peoria Heights
| Size | Peoria Heights | U.S. average |
|---|---|---|
| Studio | $822 | $1,338 |
| 1 bedroom | $754 | $1,324 |
| 2 bedrooms | $1,052 | $1,509 |
| 3 bedrooms | $1,386 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Peoria Heights 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 Peoria Heights, so the Illinois figure is shown.
Taxes and bills in Peoria Heights
Life in Peoria Heights
Is it cheaper to rent or buy in Peoria Heights?
Buying is cheaper month to month: about $370 a month less than renting.
Owning assumes a typical $117,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $11,770 for the down payment.
Frequently asked questions
What is the average rent in Peoria Heights, IL?
Renting in Peoria Heights costs a median of about $1,187 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Peoria Heights?
To keep rent under 30% of income, you need about $47,480 a year, or $23 an hour at a full-time job.
Is Peoria Heights cheap or expensive?
Peoria Heights is rated OK: rent takes 22.0% of the typical household income of $64,817. It ranks 88th cheapest of 334 Illinois cities we track.
How much are property taxes in Peoria Heights?
The median homeowner in Peoria Heights pays $1,994 a year in property taxes, about 1.69% of the median home value.
Is Peoria Heights 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 Peoria Heights?
The median home value in Peoria Heights is $117,700, about 1.8 times the typical yearly household income.
5,825 people live in Peoria Heights. Numbers are typical (middle) values.