Is Peoria expensive to live?

Peoria, Illinois's cost of living is 10% lower than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.

Is Peoria good place to live?

Affordable housing options, access to transportation and a robust economy all contribute to Peoria's ranking as one of the best places to live in the U.S. Learn more about living in Peoria and why living in the Midwest is so great.

What is the cost of living in Chicago vs Peoria?

You would need around 7,792.7$ in Chicago, IL to maintain the same standard of life that you can have with 4,600.0$ in Peoria, IL (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare the cost of living and assume net earnings (after income tax).

What is the crime rate in Peoria Illinois?

With a crime rate of 43 per one thousand residents, Peoria has one of the highest crime rates in America compared to all communities of all sizes - from the smallest towns to the very largest cities. One's chance of becoming a victim of either violent or property crime here is one in 23.

What city has the highest crime rate in Illinois?

1. Danville. The most dangerous city in Illinois is Danville. With a crime rate 213% above the state average, Danville is a city to be avoided.

Peoria IL Cost of Living [2022]

Is Peoria Illinois affordable?

The cost of living in Peoria, IL is 2% lower than the state average and 11% lower than the national average. Peoria, IL housing is 28% cheaper than the U.S average, while utilities are about 10% less pricey.

Is Illinois more expensive than New York?

Overall, Chicago is 42.9% cheaper than New York. While median home cost is the most significant cost factor in the cost of living difference, other variables also account for this difference.

Is Illinois cheap or expensive?

Illinois is the sixth most populous state in the US, with over 12.5 million people calling it home. According to data gathered in 2022 from MERIC, the Missouri Economic Research and Information Center, it has a relatively average cost of living—ranking 17th from the lowest to the highest states.

Is Peoria a wealthy city?

The per capita income in Peoria in 2018 was $35,232, which is upper middle income relative to Illinois and the nation.

What is Peoria famous for?

Peoria has hosted the Heart of Illinois Fair every year since 1949 and is also home to a number of historical sites listed on the National Register of Historical Places including the Pere Marquette Hotel and North Side and West Bluff Historic Districts.

What's special about Peoria?

It's A River City

The Peoria RiverFront district is one of the state's oldest urban areas, and is home to great restaurants, live entertainment, cultural centers and more. The passing by of barges and pleasure boats, like the paddlewheel boat The Spirit of Peoria, adds to the ambiance.

How much money do you need to live comfortably in Illinois?

Illinoisans would need a minimum income of $49,372 to live comfortably. That income will be harder to stretch if you live in downtown Chicago, where Apartments.com says the average rent is $1,777 a month.

What is Peoria minimum wage?

(WMBD) — The minimum wage will increase for Illinois residents in 2024. According to an Illinois news release, starting Jan. 1, the minimum wage will see a $1 an hour increase from $13 an hour to $14 an hour.

What are the top 3 most expensive state to live in?

What is the most expensive city to live in the US?

New York City's Manhattan borough is the most costly place to live, followed by Honolulu and San Francisco. Oakland, Calif., rounds out the top 10 list of most expensive cities in the U.S. There are a number of factors that contribute to the high cost of living in major cities, including housing and taxes.

Is Illinois cheaper than California?

In fact, the cost of living in Chicago is nearly 18% cheaper than California.

Is Peoria IL a good place to buy a house?

The Peoria housing market is very competitive. The median sale price of a home in Peoria was $123K last. The median sale price per square foot in Peoria is $77, up 4.1% since last year.…

Is Peoria a big city?

Located on the Illinois River, the city had a population of 113,150 as of the 2020 census. It is the principal city of the Peoria metropolitan area in Central Illinois, consisting of the counties of Fulton, Marshall, Peoria, Stark, Tazewell, and Woodford, which had a population of 402,391 in 2020.

Why are Illinois homes so cheap?

Its affordability is primarily driven by a surplus of housing, economic factors, moderate home demand, and certain government policies. This makes it a great option for both first-time homebuyers and seasoned investors.

What areas to avoid in Peoria IL?

What is America's safest city?

WalletHub released a 2023 report listing the safest cities in the US. Cities were ranked based on 41 indicators of safety, including rates of crime and natural disasters. Nashua, New Hampshire, scored the highest, followed by Columbia, Maryland.

What city has the most murders?