Cost of Living in East Peoria, IL

Population 22,485 · Illinois · Data vintage 2023

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

East Peoria offers a notably favorable income-to-housing ratio for its region. The typical home — $161,000 — costs less than 2.2 times median household income of $71,763, a threshold many coastal markets passed a decade ago.

Located 7 miles southeast of Peoria, East Peoria falls within that metro's commuting orbit. Median home values run roughly 8% higher than Peoria's $150,000.

Cost Overview

Housing 53

Rent 68

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

About the Cost of Living in East Peoria

The median home value in East Peoria is $160,800 — 47% below the national median of $305,000. Median rent runs $894/month, 32% lower than the national median of $1,314/month. The median household income of $71,763/year is 4% lower than the US median of $74,580. The local unemployment rate is 3.5%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, East Peoria has a cost of living index of 59 versus the US average of 100, meaning it is 41% less expensive.

🏠 Housing

Median Home Value

$160,800

47% below avg

Zillow Home Value

$172,334

Zillow ZHVI

Median Rent

$894/mo

32% below avg

Price-to-Rent Ratio

15.0x

Favors buying

Property Tax Rate

2.2%

Effective rate

HUD Fair Market Rents by Bedroom

Studio

$651

1 BR

$741

2 BR

$899

3 BR

$1,196

4 BR

$1,364

Owner-occupied 75.5%

Renter-occupied 24.5%

💰 Estimated Monthly Budget

Rent median rent

$894

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $1,508/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

20.7 min

23% below avg

Gas Price

$3.145/gal

0% below avg

Work From Home

7.9%

Commute Mode

Drove alone

82.6%

Carpooled

6.5%

Public transit

0.7%

Walked

1.2%

Work from home

7.9%

⚡ Utilities

Electricity

$0.176/kWh

0% below avg

📋 Taxes

State Income Tax (flat) 5.0%

Total Sales Tax 8.7%

State rate 6.3%

Avg local rate 2.5%

Property Tax 2.2%

💼 Income & Employment

Median Household Income

$71,763

4% below avg

Per Capita Income

$39,435

Unemployment Rate

3.5%

28% below avg

Poverty Rate

11.2%

Labor Force Participation

64.2%

🎓 Education

Bachelor's degree+ 17.9%

Graduate degree 8.9%

👥 Demographics

Median Age 42.4

Male median age 41.4

Female median age 43.8

Frequently Asked Questions

What is the cost of living in East Peoria, IL?

East Peoria has a cost index of 59 (100 = national average). It is 41% below the national average.

What is average rent in East Peoria, IL?

The median gross rent in East Peoria is $894 per month based on 2023 Census data.

What is the average home price in East Peoria?

The median home value in East Peoria is $160,800 according to Zillow and Census data.

What is the median income in East Peoria?

The median household income in East Peoria is $71,763 per year (2023 ACS 5-year estimates).

What is the sales tax in East Peoria, IL?

The combined state and local sales tax rate in East Peoria is 8.7%. The Illinois state income tax top rate is 5.0%.

Is East Peoria, IL affordable?

Yes, East Peoria is generally considered affordable, with a cost of living index of 59 — about 41% below the US national average of 100.

East Peoria at a Glance

Population: 22,485
Median Income: $71,763
Home Value: $160,800
Median Rent: $894/mo
Unemployment: 3.5%
Sales Tax: 8.7%

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