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.
Cost of living index9099100
Goods & Services index9898100
Groceries index9899100
Health care index96101100
Housing index7299100
Transportation index9897100
Utilities index98101100
An overview of the general cost of living index for Peoria, IL is displayed above for your reference. Residents in Peoria, IL enjoy a cost of living index of 90. This index is 9% lower than the Illinois average, and 10% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Peoria, IL, the average cost of goods and services is equal to it is in Illinois, and it is 2% lower than the national average.

Did you know?

  • The cost of living in Peoria is 9% lower than the Illinois average.
  • The cost of living in Peoria is 10% lower than the national average.
  • The cost of housing in Peoria is 28% 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

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Peoria, 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, 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, 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)
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Peoria, IL, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Peoria, IL has a median income of about $66,179 for people who own homes. Based on that number, a person should spend a maximum of $1,544 on expenses related to housing. Renters have a slightly different median income, which is $26,626. Based on this average, renters should spend no more than $621 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
The Illinois sales tax and Illinois income tax rates should definitely be considered when determining the overall cost of living in Peoria, 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

ItemPeoriaNational 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%


ItemPeoriaNational 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

ItemPeoriaNational 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%


ItemPeoriaNational avg.Difference
Home Price $122,200.00$175,700.0030.4%
Avg. Mortgage Payment $1,155.44$1,081.036.9%
Apartment Rent $717.00$920.0022.1%


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


ItemPeoriaNational 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%
Peoria, IL115,71890-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Berkeley, CA115,68818282%
Norman, OK115,52188-12%
Ann Arbor, MI115,9851055%
El Monte, CA115,24312828%
Provo, UT114,8041000%
Peoria, IL115,71890-10%
Source: The 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.