Cost of Living in Peoria, IL
| Cost of Living in Peoria, IL | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 1% higher | 17% lower |
| Utilities (Monthly) | 7% higher | 5% higher |
| Food | 1% lower | 3% lower |
| Healthcare | 11% higher | 9% higher |
| Transportation | 6% higher | 8% higher |
| Goods & Services | 4% higher | 1% higher |
The cost of living in Peoria, IL is 3% higher than the state average and 4% lower than the national average. Peoria, IL housing is 17% cheaper than the U.S average, while utilities are about 5% 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 9% 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 $1,302, while home prices circle around $457,410.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Peoria, energy bills cost around $222.84 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 $4.69 in Peoria, a dozen eggs go for around $4.31 and a pound of potatoes circles around $4.33.
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 $118.72, while a dentist appointment is priced $119.42 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.50 in Peoria, while getting your tires balanced will run you about $70.34.
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 $35.74 here. Meanwhile, a pair of women's slacks will set you back around $34.78.
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 $10.94 a month. When it comes to personal services, a haircut usually goes for $21.75, while dry cleaning costs about $20.54.
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.