COLD

Cost of Living in Peoria, AZ

Population 194,338 · Arizona · Data vintage 2023

138
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Peoria cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $429,000, rents near $1,743 a month.

Cost Overview

Housing 141
Rent 133

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Peoria

The median home value in Peoria is $429,400 — 41% above the national median of $305,000. Median rent runs $1,743/month, 33% higher than the national median of $1,314/month. The median household income of $93,403/year is 25% higher than the US median of $74,580. The local unemployment rate is 3.5%, below the national average of 4.8%. Arizona's top state income tax rate is 2.5% and the combined sales tax is 8.4%. Overall, Peoria has a cost of living index of 138 versus the US average of 100, meaning it is 38% more expensive.

🏠 Housing

Median Home Value
$429,400
41% above avg
Zillow Home Value
$485,361
Zillow ZHVI
Median Rent
$1,743/mo
33% above avg
Zillow Rent
$1,821/mo
Zillow ZORI
Price-to-Rent Ratio
20.5x
Favors renting
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$985
1 BR
$1,055
2 BR
$1,373
3 BR
$1,877
4 BR
$2,092
Owner-occupied 75.5%
Renter-occupied 24.5%

💰 Estimated Monthly Budget

Rent median rent
$1,743
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,357/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
31.3 min
16% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
20.2%

Commute Mode

Drove alone
68.5%
Carpooled
8.5%
Public transit
0.4%
Walked
0.8%
Bicycle
0.2%
Work from home
20.2%

⚡ Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 2.5%
Total Sales Tax 8.4%
State rate 5.6%
Avg local rate 2.8%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$93,403
25% above avg
Per Capita Income
$45,831
Unemployment Rate
3.5%
28% below avg
Poverty Rate
8.4%
Labor Force Participation
61.0%

🎓 Education

Bachelor's degree+ 21.6%
Graduate degree 14.0%

👥 Demographics

Median Age 42.1
Male median age 41.3
Female median age 43

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 72 — Moderate
11.2%
Good air days/yr
183
Max AQI recorded
91
PM2.5 days
193
Ozone days

Frequently Asked Questions

What is the cost of living in Peoria, AZ?

Peoria has a cost index of 138 (100 = national average). It is 38% above the national average.

What is average rent in Peoria, AZ?

The median gross rent in Peoria is $1,743 per month based on 2023 Census data.

What is the average home price in Peoria?

The median home value in Peoria is $429,400 according to Zillow and Census data.

What is the median income in Peoria?

The median household income in Peoria is $93,403 per year (2023 ACS 5-year estimates).

What is the sales tax in Peoria, AZ?

The combined state and local sales tax rate in Peoria is 8.4%. The Arizona state income tax top rate is 2.5%.

Is Peoria, AZ affordable?

Peoria is above average in cost of living, with an index of 138 — about 38% higher than the national average.

Peoria at a Glance

Population
194,338
Median Income
$93,403
Home Value
$429,400
Median Rent
$1,743/mo
Unemployment
3.5%
Sales Tax
8.4%
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