Located in the state of Illinois, Peoria is a moderately-sized city with a population of 115,990 residents. Not a fan of sitting in traffic? One big advantage of living in Peoria is the reasonable commute times to work. With an average one way commute time of 17 minutes, getting to work is faster than the national average of 26 minutes.
If you’re considering relocating to any new city, it could be a very discouraging task. However, it could also be a fulfilling experience if you are willing to get to know the city before actually living in Peoria, Illinois. Using the livability score which includes data from categories like crime, education, employment, housing, you can easily compare the best places to live in Peoria and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Peoria to Illinois and the national average.
The livability score in Peoria is 57 out of 100 and the city is ranked in the 11th percentile of all cities across America. This is a poor rating when compared to the average of other places in the country. For each of the livability categories, we see that Peoria ranks very well for amenities (A+). The bad news for Peoria, there are some categories for which it does not rank well, this includes: crime (F), weather (D), education (F), employment (D-) and housing (F).
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Peoria has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive. Some of the interesting things to do and attractions include: Peoria Zoo, Peoria Civic Center, and O'Brien Field.
Certain items on your wish list like shopping, restaurants, nightlife and proximity to public transportation are all important factors to search for. Having said that, perhaps the most important metric to consider when contemplating a move to Peoria is real estate affordability. Median real estate prices in Peoria come in at $127,200, which is 27.2% lower than the Illinois average. The home price to income ratio compares the median home prices to the median household income. In Peoria, the home price to income ratio is 2.7, which is 10% 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 Peoria area were 9.1% and 5 year appreciation rates were -1.2%.