Cost of Living in Peotone, IL
Population 4,462 · Illinois · Data vintage 2023
(100 = US avg)
Peotone sits on the smaller end of the Illinois city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Peotone sits roughly 20 miles southeast of Joliet — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Joliet's $249,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Peotone
The median home value in Peotone is $261,400 — 14% below the national median of $305,000. Median rent runs $1,102/month, 16% lower than the national median of $1,314/month. The median household income of $104,792/year is 41% higher than the US median of $74,580. The local unemployment rate is 4.9%, above 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, Peotone has a cost of living index of 85 versus the US average of 100, meaning it is 15% less expensive.
Peotone has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Peotone, IL?
Peotone has a cost index of 85 (100 = national average). It is 15% below the national average.
What is average rent in Peotone, IL?
The median gross rent in Peotone is $1,102 per month based on 2023 Census data.
What is the average home price in Peotone?
The median home value in Peotone is $261,400 according to Zillow and Census data.
What is the median income in Peotone?
The median household income in Peotone is $104,792 per year (2023 ACS 5-year estimates).
What is the sales tax in Peotone, IL?
The combined state and local sales tax rate in Peotone is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Peotone, IL affordable?
Yes, Peotone is generally considered affordable, with a cost of living index of 85 — about 15% below the US national average of 100.
Peotone at a Glance
- Population
- 4,462
- Median Income
- $104,792
- Home Value
- $261,400
- Median Rent
- $1,102/mo
- Unemployment
- 4.9%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
Similar Cost Cities
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