What is the cost of living in Peoria, IL?
According to the most recent data on the cost of living, Peoria has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Illinois, Peoria has a cost of living index that's 0.9x lower than Illinois's index of 98.
The standard of living in Peoria ranks as #88 most affordable out of the 336 places we measured in Illinois. By definition, that implies Peoria ranks as the #248 most expensive place in the Prairie State.
For more reading on life in Peoria, check out:
Peoria Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Peoria. Here is how it fares on each of the criteria:
The Services index in Peoria is 96.
The Groceries index in Peoria is 102.
The Health index in Peoria is 77.
The Housing index in Peoria is 99.
The Transportation index in Peoria is 101.
The Utilities index in Peoria is 100.
| Living Expense | Peoria | Illinois | National Average |
|---|---|---|---|
| Overall | 92 | 98 | 100 |
| Services | 96 | 99 | 100 |
| Groceries | 102 | 99 | 100 |
| Health | 77 | 96 | 100 |
| Housing | 99 | 101 | 100 |
| Transportation | 101 | 99 | 100 |
| Utilities | 100 | 101 | 100 |
Peoria Cost Of Living Compared To Illinois Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Illinois, check out:
Protect your home budget Compare home warranties in Peoria Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Peoria, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Peoria is $128,837.
The Median Rent in Peoria is $1,005.
The Median Income in Peoria is $59,410.
The Home Value To Income in Peoria is 2.2x.
The Rent To Monthly Income in Peoria is 0.2x.
Peoria, IL Costs By Category
Detailed Peoria Services costs vs. Illinois
Detailed Peoria Groceries costs vs. Illinois
Detailed Peoria Health costs vs. Illinois
Detailed Peoria Transportation costs vs. Illinois
Peoria SnackAbility
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:
Pekin, IL has a cost of living index of 89, 1.0x Peoria.
East Peoria, IL has a cost of living index of 93, 1.0x Peoria.
Morton, IL has a cost of living index of 103, 1.1x Peoria.
| City | Population | Cost Of Living | Vs. Peoria |
|---|---|---|---|
| Pekin, IL | 31,781 | 89 | 1.0x |
| East Peoria, IL | 22,324 | 93 | 1.0x |
| Morton, IL | 16,595 | 103 | 1.1x |
| Washington, IL | 15,919 | 102 | 1.1x |
| Chillicothe, IL | 5,900 | 93 | 1.0x |
| Bartonville, IL | 5,841 | 91 | 1.0x |
| Peoria Heights, IL | 5,825 | 89 | 1.0x |
| Eureka, IL | 5,007 | 89 | 1.0x |
