Peru 71 Excellent
Peru Livability #317 ranked city in Illinois#6,365 ranked city in the USARanks better than 78% of areas

Pros and Cons of Living in Peru

PROS
  • Cost Of Living

    Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.

  • Crime

    Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.

  • Housing

    High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.

  • Ratings

    Based on recent surveys and polls, locals gave high marks in the walkability to local amenities, safety, public transit, friendliness of neighbors and overall sense of community in the area.

CONS
  • Amenities

    The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.

  • Commute

    A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.

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What's it like Living in Peru?

Peru is a smaller city located in the state of Illinois. The city has a population of 9,777 people. If we look at the most recent Census, Peru is known to have a predominantly White population. The next two most common races are Black and Asian. With an average age of 49 years, Peru residents appear to be older compared to the national average. For seniors and retirees, this city presents itself as a compelling choice. If you're not a fan of traffic congestion and long commute times to work, Peru is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 15 minutes, significantly lower than the national average of 26 minutes.

If you’re considering relocating to any new city, it could be a very daunting task. However, it could also be a good experience if you are willing to get to know the city before actually living in Peru, Illinois. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. To help you find the best places to live in and around Peru, AreaVibes has created a livability score using key metrics like crime, cost of living, commute, education, housing and more.

With a livability score of 69/100, Peru is ranked #7,103 in the United States and #333 in Illinois. If we dig a little deeper into each category within the livability score, we see that Peru has higher than average grades for the following: crime (B+), cost of living (A+) and housing (A-). The bad news for Peru, there are some categories for which it does not score well, this includes: amenities (F) and employment (D).

Low violent crime rates (murder, rape, robbery, assault) provide a safer environment for residents, reducing the risk of personal harm, property theft or violence. Low crime can also lead to increased property values and desirability. With 82 crimes per 100,000 residents, Peru has a violent crime rate that is far below the national average.

For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Peru apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.

There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Peru is actually affordable. Median real estate prices in Peru come in at $130,700, which is 25.2% lower than the Illinois average. The home price to income ratio compares the median home prices to the median household income. In Peru, the home price to income ratio is 2.5, which is 16.7% lower than the Illinois average.

Best Places to Live in and Around Peru

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Compare Peru, IL Livability

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      Peru transportation information

      Statistic Peru Illinois National
      Average one way commute15min29min26min
      Workers who drive to work81.9%73.4%76.4%
      Workers who carpool9.3%8.3%9.3%
      Workers who take public transit0.0%9.2%5.1%
      Workers who bicycle0.2%0.6%0.6%
      Workers who walk1.5%3.1%2.8%
      Working from home6.2%4.4%4.6%
      Source: The Peru, IL data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).