Cost of Living in Peoria County, Illinois
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Peoria County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Peoria County ranks #2,250 of 3,142 counties for affordability (bottom 28%)
Sourced county brief
Peoria County Median Gross Rent Estimated at $993
In Peoria County, the median gross rent was estimated at $993 per month, which is $126 higher than the Illinois unweighted county mean of $867. The official median gross rent as a percentage of household income (GRAPI) was 28.7%. This official ACS B25071 estimate is 2.6 percentage points higher than the state unweighted county mean of 26.1%. For residents in owner-occupied housing, the median monthly owner cost was $1,071, compared to an unweighted state county mean of $960. The median home value was $158,500, which is above the unweighted state county mean of $153,020. Among renter-occupied households, the median income was $37,413. These figures are snapshots derived from the American Community Survey 5-Year Estimates for the 2020-2024 period. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Peoria County
Affordability Verdict
ACS B25071 estimates median gross rent at 28.7% of renter household income in Peoria County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $993 per month; median selected monthly owner costs are $1,071. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $39,720 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Illinois unweighted mean of county median rents is $867 per month. Peoria County's $993 median is 14.5% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Peoria County
Rent Burden
18.3%
of gross income
Max Housing (28% Rule)
$1,519
per month
Owner Cost Burden
19.7%
of gross income
You can likely afford the median home in Peoria County
Median home value is $158,500. Estimated monthly cost: $1,265 vs. your max of $1,519.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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