East Peoria cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexEast PeoriaIllinoisNational
Cost of living index9099100
IndexEast PeoriaIllinoisNational
Goods & Services index9898100
Groceries index9899100
Health care index96101100
Housing index7399100
Transportation index9897100
Utilities index98101100
A general overview of the cost of living index for East Peoria, IL is displayed above. In East Peoria, IL, the overall cost of living index is 90, which is 9% lower than the Illinois average and 10% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of East Peoria, IL, the city's goods and services are equal to the Illinois average and 2% lower than the U.S. average.

Did you know?

  • The cost of living in East Peoria is 9% lower than the Illinois average.
  • The cost of living in East Peoria is 10% lower than the national average.
  • The cost of housing in East Peoria is 27% lower than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Salary Calculator

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The salary calculator allows you to compare how much your current salary in East Peoria, IL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than East Peoria, IL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The East Peoria, IL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$65,670$5,473$1,532$1,970
Renters$26,403$2,200$616$792
How much of your monthly income goes to housing can tell you whether or not you can afford housing in East Peoria, IL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In East Peoria, IL homeowners have a median income of $65,670. Using that number, you will come up with a maximum of $1,532 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $26,403, which means there is a maximum of $616 to be spent on the costs of renting a home or apartment.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax
Illinois6.25%9.75%

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
Illinois3.75%3.75%
When you are determining the total cost of living in East Peoria, IL you will want to make sure you consider both the Illinois sales tax and the Illinois income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Illinois is 6.25%, with the highest surtax being 9.75%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Illinois have a range from 3.75% to 3.75%.

Goods & Services

ItemEast PeoriaNational avg.Difference
Haircut $17.00$14.5916.5%
Beauty Salon $19.00$34.6845.2%
Toothpaste $2.27$2.478.2%
Shampoo $0.83$1.0218.8%
Movie $8.75$9.8711.3%
Bowling $3.50$4.3920.3%

Groceries

ItemEast PeoriaNational avg.Difference
Ground Beef $4.02$4.4810.2%
Fried Chicken $1.49$1.461.8%
Milk $2.12$2.3610.0%
Potatoes $3.31$3.068.1%
Pizza $8.99$9.242.7%
Beer $7.92$8.638.3%

Health Care

ItemEast PeoriaNational avg.Difference
Optometrist $122.03$99.7822.3%
Doctor $97.00$105.037.6%
Dentist $82.00$88.707.6%
Ibuprofen $7.98$9.4115.2%
Lipitor $301.39$298.501.0%

Housing

ItemEast PeoriaNational avg.Difference
Home Price $128,200.00$175,700.0027.0%
Avg. Mortgage Payment $1,155.44$1,081.036.9%
Apartment Rent $658.00$920.0028.5%

Transportation

ItemEast PeoriaNational avg.Difference
Gasoline $1.95$2.096.8%
Tire Balancing $50.00$45.2910.4%

Utilities

ItemEast PeoriaNational avg.Difference
All Electricity$157.04$170.808.1%
Phone $29.99$28.266.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Kingston Mines, IL25383-17%
Glasford, IL1,01885-15%
South Pekin, IL1,16085-15%
Norwood, IL45385-15%
Bellevue, IL1,57685-15%
East Peoria, IL23,22590-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bainbridge Island, WA23,20615555%
Belton, MO23,19792-8%
Dolton, IL23,26297-3%
Machesney Park, IL23,18090-10%
Solon, OH23,17711515%
East Peoria, IL23,22590-10%
Source: The East Peoria, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.