Peoria, AZ Cost Of Living
Cost Of Living In Peoria, AZ Summary
Cost of living in Peoria research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Peoria is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Arizona, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Peoria is 117, with 100 being the average.
The cost of living index in Peoria is 1.2x higher than the national average.
Peoria ranks as the #63 cheapest in Arizona out of 92.
Peoria ranks as the #4,212 cheapest out of 6,489 in the US.
The median home value in Peoria is $484,686.
The median income in Peoria is $93,403.
Table Of Contents
Peoria's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Peoria, AZ?
According to the most recent data on the cost of living, Peoria has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.
Compared to Arizona, Peoria has a cost of living index that's 1.1x higher than Arizona's index of 102.
The standard of living in Peoria ranks as #63 most affordable out of the 92 places we measured in Arizona. By definition, that implies Peoria ranks as the #29 most expensive place in the Grand Canyon State.
For more reading on life in Peoria, check out:
In Arizona
In America
Peoria Cost Of Living Vs. Arizona
Six factors go into calculating the cost of living index in Peoria. Here is how it fairs on each of the criteria:
The Services index in Peoria is 102.
The Groceries index in Peoria is 98.
The Health index in Peoria is 86.
The Housing index in Peoria is 149.
The Transportation index in Peoria is 96.
The Utilities index in Peoria is 125.
| Living Expense | Peoria | Arizona | National Average | |
|---|---|---|---|---|
| Overall | 117 | 102 | 100 | |
| Services | 102 | 102 | 100 | |
| Groceries | 98 | 103 | 100 | |
| Health | 86 | 95 | 100 | |
| Housing | 149 | 99 | 100 | |
| Transportation | 96 | 107 | 100 | |
| Utilities | 125 | 96 | 100 | |
Peoria, AZ Housing Cost Breakdown
Housing swings affordability the most between places in Arizona, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Peoria is $484,686.
The Median Rent in Peoria is $1,743.
The Median Income in Peoria is $93,403.
The Home Value To Income in Peoria is 5.2x.
The Rent To Monthly Income in Peoria is 0.22x.
Median Home Value
Median Rent
Median Income
Peoria, AZ Costs By Category
Detailed Peoria Services Costs Vs. Arizona
Detailed Peoria Groceries Costs Vs. Arizona
Detailed Peoria Health Costs Vs. Arizona
Detailed Peoria Transportation Costs Vs. Arizona
Detailed Peoria Utilities Costs Vs. Arizona
Peoria SnackAbility
/10
Cost Of Living In Cities Around Peoria
The cost of living varies in the cities and towns around Peoria. Here's a quick look at the cost of living in the most populous nearby places:
Phoenix, AZ has a cost of living index of 107, 0.9x Peoria.
Glendale, AZ has a cost of living index of 102, 0.9x Peoria.
Surprise, AZ has a cost of living index of 117, 1.0x Peoria.
| City | Population | Cost Of Living | Vs. Peoria |
|---|---|---|---|
| Phoenix, AZ | 1,624,832 | 107 | 0.9x |
| Glendale, AZ | 250,193 | 102 | 0.9x |
| Surprise, AZ | 149,519 | 117 | 1.0x |
| El Mirage, AZ | 35,823 | 103 | 0.9x |
| Anthem, AZ | 22,622 | 128 | 1.1x |
| New River, AZ | 18,365 | 133 | 1.1x |
| Litchfield Park, AZ | 6,871 | 128 | 1.1x |
| Cave Creek, AZ | 5,033 | 129 | 1.1x |
