Cost of Living in Peoria, IL
| Cost of Living in Peoria, IL | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 34% lower | 18% lower |
| Utilities (Monthly) | 6% higher | 4% higher |
| Food | 5% lower | 3% lower |
| Healthcare | 4% higher | 8% higher |
| Transportation | 1% higher | 8% higher |
| Goods & Services | 4% lower | 1% higher |
The cost of living in Peoria, IL is 12% lower than the state average and 4% lower than the national average. Peoria, IL housing is 18% cheaper than the U.S average, while utilities are about 4% pricier. When it comes to basic necessities such as food and clothing, groceries are around 3% cheaper in Peoria, IL than in the rest of the country, while clothing costs around 1% more .
Healthcare services such as doctor check-ups and dentistry cost 8% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 1% pricier in Peoria, IL.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Peoria is $1,218, while home prices circle around $444,347.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Peoria, energy bills cost around $214.08 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.67 in Peoria, a dozen eggs go for around $3.41 and a pound of potatoes circles around $4.32.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Peoria, an optometry check-up costs around $143.69, while a dentist appointment is priced $113.39 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.52 in Peoria, while getting your tires balanced will run you about $69.86.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $39.16 here. Meanwhile, a pair of women's slacks will set you back around $34.44.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Peoria, you should budget around $11.24 a month. When it comes to personal services, a haircut usually goes for $21.78, while dry cleaning costs about $18.28.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Peoria, the median household income is $58,716.