West 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.
IndexWest PeoriaIllinoisNational
Cost of living index8898100
IndexWest PeoriaIllinoisNational
Goods & Services index9797100
Groceries index9497100
Health care index100100100
Housing index6399100
Transportation index98104100
Utilities index10995100
Here we can see a simple outline of the cost of living in West Peoria, IL. As you can see, with the average cost of living in West Peoria, IL being 88, that puts it 11% lower than the average of Illinois and 12% 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 West Peoria, IL, the price of goods and services are equal to the average of Illinois as well as 4% lower than the nation's average.

Did you know?

  • The cost of living in West Peoria is 11% lower than the Illinois average.
  • The cost of living in West Peoria is 12% lower than the national average.
  • The cost of housing in West Peoria is 37% 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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Health care index
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The salary calculator allows you to compare how much your current salary in West 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 West Peoria, IL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The West 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$47,405$3,950$1,106$1,422
Renters$33,447$2,787$780$1,004
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in West Peoria, IL as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for West Peoria, IL homeowners, is $47,405. This would allow for a maximum of $1,106 per month to be spent on housing costs. For renters, the median monthly income is $33,447 which would result in a maximum of $780 to be spent on rental costs.

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 West 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

ItemWest PeoriaNational avg.Difference
Haircut $15.11$15.562.9%
Beauty Salon $21.67$36.1140.0%
Toothpaste $2.14$2.4713.3%
Shampoo $0.81$0.9615.7%
Movie $6.18$10.1338.9%
Bowling $3.63$4.7423.4%

Groceries

ItemWest PeoriaNational avg.Difference
Ground Beef $3.58$3.9810.1%
Fried Chicken $1.44$1.412.6%
Milk $1.39$2.0632.8%
Potatoes $3.08$2.983.2%
Pizza $8.99$9.475.1%
Beer $8.88$8.790.9%

Health Care

ItemWest PeoriaNational avg.Difference
Optometrist $126.17$101.0424.9%
Doctor $103.92$107.443.3%
Dentist $88.83$90.421.8%
Ibuprofen $8.14$9.2812.2%
Lipitor $437.66$426.502.6%

Housing

ItemWest PeoriaNational avg.Difference
Home Price $93,700.00$175,700.0046.7%
Avg. Mortgage Payment $1,181.59$1,133.234.3%
Apartment Rent $782.00$920.0015.0%

Transportation

ItemWest PeoriaNational avg.Difference
Gasoline $1.99$1.990.1%
Tire Balancing $43.30$45.765.4%

Utilities

ItemWest PeoriaNational avg.Difference
All Electricity$183.30$163.8111.9%
Phone $29.99$28.395.6%
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, IL45386-14%
Banner, IL18886-14%
West Peoria, IL4,45388-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pleasant Run Farm, OH4,45394-6%
Capitol Heights, MD4,45211414%
Wrightwood, CA4,45212020%
Coldwater, OH4,45288-12%
Millinocket, ME4,45189-11%
West Peoria, IL4,45388-12%
Source: The West Peoria, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.