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)
How Peoria County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Peoria County, Illinois
Peoria struggles with affordability
Peoria County's median household income of $64,938 trails the U.S. median by $9,817, while its 17.5% rent-to-income ratio significantly exceeds the national benchmark of roughly 15%. This combination—lower incomes paired with above-average rents—creates affordability strain.
Peoria's affordability crisis ranks statewide
Peoria County's 17.5% rent-to-income ratio badly exceeds Illinois's 14.7% state average, even as median rents of $946 run above the state's $837 standard. Peoria renters face the steepest housing cost burden in this comparison.
Peoria rents spike despite lower incomes
Peoria's $946 median rent matches or exceeds wealthier neighbors like Ogle ($901) and Menard ($780), yet Peoria households earn substantially less ($64,938 vs. $79,244 and $81,334 respectively). This mismatch between rents and incomes creates acute affordability challenges.
Housing consumes Peoria paychecks
Peoria residents dedicate 17.5% of income to rent and 19.5% to owner costs—the highest allocations in this comparison, totaling over one-third of household income. A $1,057/month mortgage on a $152,600 home strains county earners significantly.
Peoria demands financial care
Peoria County presents real affordability challenges—research thoroughly before relocating here unless employment opportunity justifies the housing cost burden. Compare Peoria's stretched ratios to more balanced counties like Moultrie or Mercer to assess the trade-off.
Affordability Calculator
See how your income compares to housing costs in Peoria County
Rent Burden
17.5%
of gross income
Max Housing (28% Rule)
$1,515
per month
Owner Cost Burden
19.5%
of gross income
You can likely afford the median home in Peoria County
Median home value is $152,600. Estimated monthly cost: $1,218 vs. your max of $1,515.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.