Cost of Living in Peoria, IL, United States

Updated On July 24, 2023

How Much Does It Cost to Live In Peoria, IL?

Peoria is a city in Illinois and the county seat of Peoria County.

It’s also a regional hub for the rural and agricultural center of the state.

Peoria is a good town with a rich history: it is a small city yet it has everything that a big city has, but on a much much smaller scale.

The cost of living is reasonable, but most of the jobs don’t pay well, even with a college degree.

Also, this city does have affordable housing options compared to other places in the country.

Cost of Living Index:
* Based on Research & User Data


Peoria’s food scene is excellent, and many new restaurants are popping up across town.

There’s a significant number of good chef-owned restaurants.

Like all cities, you’ll find restaurants that are more upscale and areas that are more low-income.

You can expect to eat in an expensive restaurant for no less than 20$.



Food is still very cheap at grocery stores, like Jewel.

Mariano’s or Whole Foods will cost more, but they have more options typically.

If you know how to cook, you will find all the ingredients you need here which is excellent news because you can save a ton of money this way.



Even though Peoria’s downtown is very walkable, you will probably want a car if you want to get around outside the downtown.

CityLink is the city’s mass-transit system, serving 20 routes in and around the city.

It’s not expensive: a one-way ticket costs only around 1$.



Utilities in Peoria are very reasonably priced and on par with most other cities across America.

For an apartment around 85m2 (which is definitely bigger than a usual apartment for one or two people) basic utilities like electricity, trash, and water will cost you 150$ approximately.

Sports and leisure


There are cycling options in Peoria, paths, roads, suburbs, etc.

It’s easy to get out of the city on a road bike and enjoy the countryside.

However, if what you’re into is practicing sports inside, becoming a member of a gym or fitness club is very cheap in Peoria.

A gym membership will cost you only around 20$ per month.

Clothing and shoes


Peoria’s Riverfront has had a huge revitalization in the recent past and now boasts a variety of local and independent retailers by the pleasant and walkable riverfront.

There are two main malls in the Peoria regional area, usually called the “old mall” and “new mall”.

Here, you’ll find shops offering your favorite brands.

Quality sneakers will cost you around 66$ and lighter pieces of clothing 58.0$.

Rent per month


You are looking on average at around 970$ for a decent one-bedroom apartment in a nice area of the city.

And of course, the closer you get to the city center, the more expensive the apartments will be.

You can always go to the suburbs and rent a charming apartment further from the city for some 793.20$.

Cost of Living Averages Table for Peoria, IL

*Note: All prices are indicated in USD.
Average Restaurant Prices
Meal (Inexpensive Restaurant)$20.00
Domestic Beer (0.5 Liter)$5.0
Water (0.33 Liter)$1.75
Average Market Prices
Milk (1 Liter)$1.00
Loaf Bread (500g)$3.72
Eggs (12)$4.50
Average Transport Prices
One Way Ticket$1.00
Monthly Pass$40.00
Average Utilities Prices
Basic (Water, Electricity, Garbage, Heating, Cooling)$148.05
1 min. of Prepaid Mobile Tariff Local$0.10
Internet (Unlimited Data, Cable/ADSL)$65.50
Average Leisure Prices
Fitness Club, Monthly Fee for 1 Adult$20.00
Tennis Court Rent (1 Hour)$25.00
Cinema, 1 Seat, International Release$8.00
Average Clothing Prices
1 Pair of Jeans (Levis 501 Or Comparable)$58.0
1 Summer Dress in a Chain Store (Zara, etc...)$40.37
1 Pair of Adidas Walking Shoes (Mid-Range)$66.25
Average Rent Prices
Apartment (1 bedroom) in City Center$970.00
Apartment (1 bedroom) Outside of Center$793.20
Apartment (3 bedrooms) in City Center$1733.33

How Does the Average Person Spend Their Money in Peoria, IL?

Food is the biggest expense of anyone living in Peoria since rent is somewhat affordable in this city – a rarity much appreciated in an American city.

Still, rent is definitely the second biggest expense in Peoria.

Apart from food and rent, people spend a lot of money on transportation (including gasoline expenses, taxi rides, and car rental expenses) and restaurants.

Utilities and sports are, seemingly, equally important (or equally expensive) in Peoria, since they have the same percentage in this statistic.

Average Costs Breakdown


Peoria, IL: Average Salary, Minimum Wage & Mortgages

The city’s economy is okay, and the people of Peoria receive reasonable salaries compared to the city’s cost of living.

Job opportunities are there but with a limited amount of open job places.

Peoria’s average monthly net salary is reasonably high, above 3300$, so most people can live without any problems, while the minimum monthly wage is considerably less – around 1400$.

Bear in mind, if you like to go out every night, spend money in bars and restaurants, and act comfortably when it comes to pastime and leisure – you’ll probably run out of money and should consider cutting at least some of the expenses.

Average Salary$3335.5
Minimum Wage$1430.00
Mortgage Interest Rate6.65%

Cost of Living by City in Peoria, IL

CityCost of Living Index
Albany, NY72.4
Albuquerque, NM72.4
Anchorage, AK72.4
Ann Arbor, MI72.4
Arlington, TX72.4
Asheville, NC72.4
Atlanta, GA72.4
Austin, TX72.4
Bakersfield, CA72.4
Baltimore, MD72.4
Bellevue, WA72.4
Bellingham, WA72.4
Berkeley, CA72.4
Birmingham, AL72.4
Boise, ID72.4
Boston, MA72.4
Boulder, CO72.4
Brooklyn, NY72.4
Buffalo, NY72.4
Burlington, VT72.4
Charleston, SC72.4
Charlotte, NC73.33
Chattanooga, TN72.4
Chicago, IL72.4
Cincinnati, OH72.4
Cleveland, OH72.4
Columbia, SC72.4
Columbus, OH72.4
Dallas, TX72.4
Dayton, OH72.4
Denver, CO72.4
Des Moines, IA72.4
Detroit, MI72.4
El Paso, TX72.4
Eugene, OR72.4
Everett, WA72.4
Fayetteville, AR72.4
Fort Myers, FL72.4
Fort Wayne, IN72.4
Fort Worth, TX72.4
Fresno, CA74.2
Gainesville, FL74.2
Grand Rapids, MI74.2
Greensboro, NC74.2
Hartford, CT74.2
Honolulu, HI74.2
Houston, TX74.2
Huntsville, AL74.2
Indianapolis, IN74.2
Irvine, CA74.2
Jacksonville, FL74.2
Jersey City, NJ74.2
Kansas City, MO74.2
Knoxville, TN74.2
Las Vegas, NV74.2
Lexington, KY74.2
Little Rock, AR74.2
Long Beach, CA74.2
Los Angeles, CA74.2
Louisville, KY74.2
Lubbock, TX74.2
Madison, WI74.2
Memphis, TN74.2
Miami, FL74.2
Milwaukee, WI74.2
Minneapolis, MN74.2
Nashville, TN74.2
New Orleans, LA74.2
New York, NY74.2
Oakland, CA74.2
Oklahoma City, OK74.2
Olympia, WA74.2
Orlando, FL74.2
Philadelphia, PA72.4
Phoenix, AZ72.4
Pittsburgh, PA72.4
Portland, ME72.4
Portland, OR72.4
Raleigh, NC72.4
Reno, NV72.4
Richmond, VA74.2
Rochester, NY74.2
Sacramento, CA74.2
Saint Louis, MO74.2
Saint Paul, MN74.2
Saint Petersburg, FL74.2
Salem, OR74.2
Salt Lake City, UT74.2
San Antonio, TX74.2
San Diego, CA74.2
San Francisco, CA74.2
San Jose, CA74.2
Santa Barbara, CA74.2
Santa Rosa, CA74.2
Seattle, WA74.2
Spokane, WA74.2
Springfield, MO74.2
Syracuse, NY74.2
Tacoma, WA74.2
Tallahassee, FL74.2
Tampa, FL74.2
Toledo, OH74.2
Tucson, AZ74.2
Tulsa, OK74.2
Vancouver, WA74.2
Virginia Beach, VA74.2
Washington, DC74.2
West Palm Beach, FL74.2
Wichita, KS74.2

Where to Next?

See these related locations:

Or, browse the country/city indexes:

Cost of Living - Country Index Cost of Living - City Index

Share Your Experience

Facebook Pinterest