| Index | Peoria | Arizona | National |
| Cost of living | 118 | 101 | 100 |
| Groceries | 100 | 101 | 100 |
| Health care | 102 | 101 | 100 |
| Housing | 153 | 96 | 100 |
| Transportation | 106 | 102 | 100 |
| Utilities | 111 | 111 | 100 |
| Lifestyle & Entertainment | 107 | 103 | 100 |
| Household Items | 102 | 101 | 100 |
| Education & Childcare | 100 | 103 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Peoria? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Peoria stands at 118, making it 18% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Housing costs make up a big chunk of the cost of living in Peoria, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 53% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
The real experts on a city are its residents. That's why we reached out to 18 locals to get their views on the cost of living in Peoria. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 72% found it budget-friendly with decreasing prices, while 28% said it's simply not affordable as prices have continued to rise.
Is Peoria an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Peoria is 57.5% higher than the national average, while the average monthly rent prices are 42.6% higher than average. The affordability of any location can also be influenced by median income levels. Peoria has a median household income of $114,157, which is 40.4% higher than the national average.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Peoria, the utilities index registers 11.3% higher than the national average.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Peoria, the transportation index stands at 6.2% higher than the national average.
The Peoria cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
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| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $135,353 | $11,279 | $3,158 | $4,061 |
| Renters | $73,670 | $6,139 | $1,719 | $2,210 |
| State | General Sales Tax | With Max Surtax |
| Arizona | 5.6% | 10.725% |
| State | Income Tax (Low) | Income Tax (High) |
| Arizona | 2.5% | 2.5% |
| City | Population | Cost of Living Index | National Avg. |
| Goodyear Village, AZ | 283 | 86 | 13.7% |
| Deer Creek, AZ | 189 | 96 | 4.2% |
| Youngtown, AZ | 7,044 | 100 | 0.4% |
| Sun City, AZ | 39,873 | 102 | 1.9% |
| Tolleson, AZ | 7,510 | 104 | 4.2% |
| Peoria, AZ | 177,686 | 118 | 18.4% |
| City | Population | Cost of Living Index | National Avg. |
| Salem, OR | 177,138 | 115 | 14.6% |
| Pembroke Pines, FL | 178,777 | 123 | 23.1% |
| Garden Grove, CA | 176,551 | 165 | 65.4% |
| Elk Grove, CA | 178,848 | 148 | 48.3% |
| Eugene, OR | 176,249 | 119 | 19.3% |
| Peoria, AZ | 177,686 | 118 | 18.4% |
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