Located in the state of Illinois, East Peoria is a mid-sized city with a population of 23,090 inhabitants. At 94%, the majority of the East Peoria population is White; this is followed by 3% Black and 1% Asian. East Peoria has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 79% of the population is classified as married and 70% have kids.
Without the right tools, moving to any new town can be very stressful and challenging. Living in East Peoria, Illinois could be a positive experience for anyone who puts in the effort to do the research required. Finding the best places to live in East Peoria and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, crime, education, housing and other important metrics.
East Peoria has a livability score of 65 out of 100 and is ranked #614 in Illinois and #17,191 in the USA. There are seven total categories that generate the livability score. East Peoria ranks well for amenities (A+) and cost of living (B-). There are some categories that East Peoria does not rank well for, including: crime (D), weather (D), education (F) and housing (F). It might be worth taking a closer look to determine why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in East Peoria, there is no shortage of amazing local amenities and interesting things to do.
Assuming that East Peoria meets all of your requirements, the next most important item to examine is the affordability of real estate in East Peoria. Everything else becomes a lot less important if it turns out that home prices in East Peoria are simply unattainable. The median home price for East Peoria homes is $131,700, which is 24.7% lower than the Illinois average. If we take a closer look at the affordability of homes in East Peoria, we’ll see that the home price to income ratio is 2.6, which is 13.3% lower than the Illinois average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the East Peoria area were 6.9% and 5 year appreciation rates were -0.8%.