Cost of Living in Peoria, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
95.1
100 = national avg
-4.9 vs national average
Living Wage (1 Adult)
$41,859
per year
Living Wage (Family of 4)
$98,941
per year
Cost Index by Category
Housing103.8
Food94.9
Transportation78.3
Healthcare95.9
Utilities97.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$818
per month
2 Bedroom
$1,039
per month
The overall cost of living index in Peoria is 95.1, which is 4.9% below the national average. Housing costs are above the national average at an index of 103.8. A single adult needs to earn approximately $41,859 per year to cover basic expenses.