salaryRent is lower than in 79% 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 17.9 minutes.
How much money do I need?
To rent here comfortably, you should earn about $46,080 a year. That is $22 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 78 of 334 cities from cheapest to most expensive.
How much do households earn in Peoria?
Share of households by yearly income. 21.2% of households earn $100,000 or more.
Rent by apartment size in Peoria
| Size | Peoria | U.S. average |
|---|---|---|
| Studio | $975 | $1,338 |
| 1 bedroom | $858 | $1,324 |
| 2 bedrooms | $1,203 | $1,509 |
| 3 bedrooms | $1,291 | $1,698 |
| 4 bedrooms | $1,503 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Peoria overall?
Everyday prices in the Peoria metro area are 9% below the U.S. average (index 91.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Peoria
Life in Peoria
What jobs pay in Peoria
| Job | Median pay | Rent / pay |
|---|---|---|
| Lawyer | $161,150 | 8.6% |
| Pharmacist | $139,900 | 9.9% |
| Physician Assistant | $133,170 | 10.4% |
| Software Developer | $130,590 | 10.6% |
| Nurse Practitioner | $128,920 | 10.7% |
| Computer Systems Analyst | $103,440 | 13.4% |
| Operations Manager | $98,290 | 14.1% |
| Civil Engineer | $95,140 | 14.5% |
| Plumber | $85,090 | 16.2% |
| Registered Nurse | $81,010 | 17.1% |
| Electrician | $80,460 | 17.2% |
| Accountant | $79,540 | 17.4% |
| HVAC Technician | $78,710 | 17.6% |
| Market Research Analyst | $78,700 | 17.6% |
| Dental Hygienist | $77,870 | 17.8% |
| Police Officer | $76,670 | 18.0% |
| Carpenter | $75,280 | 18.4% |
| Firefighter | $73,670 | 18.8% |
| Licensed Practical Nurse | $72,270 | 19.1% |
| Elementary School Teacher | $57,440 | 24.1% |
| Truck Driver | $49,610 | 27.9% |
| Medical Assistant | $44,680 | 30.9% |
| Nursing Assistant | $43,040 | 32.1% |
| Customer Service Representative | $39,840 | 34.7% |
| Warehouse Worker | $37,420 | 36.9% |
| Restaurant Cook | $36,040 | 38.4% |
| Retail Salesperson | $33,870 | 40.8% |
| Cashier | $31,200 | 44.3% |
| Server (Waiter/Waitress) | $31,200 | 44.3% |
Is it cheaper to rent or buy in Peoria?
Buying is cheaper month to month: about $68 a month less than renting.
Owning assumes a typical $156,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,620 for the down payment.
Frequently asked questions
What is the average rent in Peoria, IL?
Renting in Peoria costs a median of about $1,152 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Peoria?
To keep rent under 30% of income, you need about $46,080 a year, or $22 an hour at a full-time job.
Is Peoria cheap or expensive?
Peoria is rated OK: rent takes 21.6% of the typical household income of $64,074. It ranks 78th cheapest of 334 Illinois cities we track.
How much are property taxes in Peoria?
The median homeowner in Peoria pays $3,719 a year in property taxes, about 2.38% of the median home value.
Is Peoria more expensive than the national average?
Overall prices in the metro area are 9% below 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 $156,200, about 2.4 times the typical yearly household income.
112,169 people live in Peoria. Numbers are typical (middle) values.