Peoria Heights 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.
IndexPeoria HeightsIllinoisNational
Cost of living index8699100
IndexPeoria HeightsIllinoisNational
Goods & Services index9898100
Groceries index9899100
Health care index96101100
Housing index6099100
Transportation index9897100
Utilities index98101100
Here we can see a simple outline of the cost of living in Peoria Heights, IL. As you can see, with the average cost of living in Peoria Heights, IL being 86, that puts it 13% lower than the average of Illinois and 14% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Peoria Heights, IL, the price of goods and services are equal to the average of Illinois as well as 2% lower than the nation's average.

Did you know?

  • The cost of living in Peoria Heights is 13% lower than the Illinois average.
  • The cost of living in Peoria Heights is 14% lower than the national average.
  • The cost of housing in Peoria Heights is 40% 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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Compare Peoria Heights, IL Cost of living To Other Cities

Salary Calculator

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Goods & Services index
Groceries index
Health care index
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The salary calculator is meant to help you compare your salary in Peoria Heights, IL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Peoria Heights, IL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Peoria Heights, IL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$53,981$4,498$1,259$1,620
Renters$36,542$3,045$853$1,096
One can approximate the cost of living and the housing affordability in Peoria Heights, IL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Peoria Heights, IL have a median income of $53,981. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,259 per month to avoid calamity and poverty. The renters in the city have an income of about $36,542, which would make their monthly maximum allowable rental costs $853.

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%
The Illinois sales tax and Illinois income tax rates should definitely be considered when determining the overall cost of living in Peoria Heights, IL. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Illinois sales tax is 6.25% and the maximum surtax is 9.75%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Illinois income tax rates range from 3.75% to 3.75%.

Goods & Services

ItemPeoria HeightsNational 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

ItemPeoria HeightsNational 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

ItemPeoria HeightsNational 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

ItemPeoria HeightsNational avg.Difference
Home Price $93,300.00$175,700.0046.9%
Avg. Mortgage Payment $1,155.44$1,081.036.9%
Apartment Rent $699.00$920.0024.0%

Transportation

ItemPeoria HeightsNational avg.Difference
Gasoline $1.95$2.096.8%
Tire Balancing $50.00$45.2910.4%

Utilities

ItemPeoria HeightsNational 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%
Norwood, IL45385-15%
Bellevue, IL1,57685-15%
Creve Coeur, IL5,71785-15%
Peoria Heights, IL6,05686-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Byron Center, MI6,0571022%
Saranac Lake, NY6,0551044%
University at Buffalo, NY6,0581055%
South Oroville, CA6,05811111%
Trenton, MO6,05882-18%
Peoria Heights, IL6,05686-14%
Source: The Peoria Heights, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.