Cost of Living in Peoria, IL

Peoria, IL — prices, rents and what jobs really pay here after taxes.

Price level
91.2
U.S. average = 100 · #263 of 387
Median wage
$49,590
all jobs · $3,310/mo take-home
1-bedroom rent
$818
HUD fair market rent

Salary comparison calculator

What would you need to earn in Peoria, IL to keep the same lifestyle — after taxes — as in another city?

Cost of living calculator

Uses BEA price levels plus 2026 federal and state taxes in each city's state.

Salary needed to keep your lifestyle
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    Prices in Peoria, IL vs. the U.S. average

    CategoryIndex (U.S. = 100)Difference
    All items91.2−8.8%
    Housing63.8−36.2%
    Goods93.6−6.4%
    Utilities90.5−9.5%
    Other services99.6−0.4%

    Source: BEA Regional Price Parities, 2024.

    Rent in Peoria, IL

    UnitMonthly rentIncome needed (30% rule)
    Studio$758$30,320/yr
    1 bedroom$818$32,720/yr
    2 bedrooms$1,039$41,560/yr
    3 bedrooms$1,346$53,840/yr
    4 bedrooms$1,449$57,960/yr

    HUD Fair Market Rents, FY2026, population-weighted across the metro's counties.

    Take-home pay in Peoria, IL

    Paycheck in Peoria, IL
    Deductions, kids & local tax

    2026 tax year. Federal brackets from IRS Rev. Proc. 2025-32.

    Your take-home pay
    $39,716
    per year · effective tax rate 19.9%
    $3,310Monthly
    $1,655Twice a month
    $1,528Every 2 weeks
    $19.09Hourly
    • Federal income tax$3,771
    • Social Security (6.2%)$3,075
    • Medicare (1.45%)$719
    • Illinois income tax$2,310
    • Take-home pay$39,716

    Marginal rate: 12% federal + 4.95% state

    Highest-paying jobs in Peoria, IL

    JobMedian salaryTake-homeReal value*
    Physicians, All Other$224,690$155,589$170,544
    Architectural and Engineering Manager$212,820$147,979$162,203
    Computer and Information Systems Manager$173,870$121,644$133,337
    Lawyer$161,150$113,580$124,497
    Financial Manager$155,840$110,213$120,807
    Marketing Manager$155,400$109,934$120,501
    Managers, All Other$132,900$95,669$104,865
    Information Security Analyst$132,090$95,156$104,302
    Sales Manager$131,660$94,883$104,003
    Software Developer$130,590$94,205$103,260
    Mechanical Engineer$128,710$93,013$101,953
    Project Management Specialist$123,730$89,856$98,492
    Industrial Engineer$117,180$85,611$93,839
    Medical and Health Services Manager$110,510$81,248$89,058
    Construction Manager$105,900$78,233$85,753
    Computer Systems Analyst$103,440$76,625$83,990
    First-Line Supervisor of Construction Trades and Extraction Workers$98,680$73,512$80,577
    General and Operations Manager$98,290$73,256$80,298
    Buyer and Purchasing Agent$96,880$72,334$79,287
    Management Analyst$96,530$72,105$79,036

    *In U.S.-average dollars after adjusting for local prices.

    Frequently asked questions

    Is Peoria, IL expensive to live in?

    According to the Bureau of Economic Analysis, overall prices in the Peoria, IL metro area are 91.2% of the U.S. average, with housing at 63.8%. It is the #263 most expensive of 387 metro areas we track.

    What salary do you need to live in Peoria, IL?

    To match the buying power of a $60,000 salary in an average-priced U.S. city you would need about $54,739 in Peoria, IL (before tax differences). The median wage across all jobs here is $49,590.

    How much is rent in Peoria, IL?

    HUD’s FY2026 fair market rents for Peoria, IL are $758 for a studio, $818 for one bedroom, $1,039 for two bedrooms and $1,346 for three bedrooms, including utilities.

    All salaries in Peoria, IL

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    Transportation and Material Moving Occupations

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