Cost of living in Peoria Heights research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Peoria Heights is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Peoria Heights is 81, with 100 being the average.
The cost of living index in Peoria Heights is 0.8x lower than the national average.
Peoria Heights ranks as the #22 cheapest in Illinois out of 338.
Peoria Heights ranks as the #290 cheapest out of 6,412 in the US.
The median home value in Peoria Heights is $92,000.
The median income in Peoria Heights is $51,826.
According to the most recent data on the cost of living, Peoria Heights has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.
Compared to Illinois, Peoria Heights has a cost of living index that's 0.9x lower than Illinois's index of 92.
The standard of living in Peoria Heights ranks as #22 most affordable out of the 338 places we measured in Illinois. By definition, that implies Peoria Heights ranks as the #316 most expensive place in the Prairie State.
For more reading on life in Peoria Heights, check out:
Six factors go into calculating the cost of living index in Peoria Heights. Here is how it fairs on each of the criteria:
The Services index in Peoria Heights is 92.
The Groceries index in Peoria Heights is 97.
The Health index in Peoria Heights is 91.
The Housing index in Peoria Heights is 58.
The Transportation index in Peoria Heights is 105.
The Utilities index in Peoria Heights is 100.
Living Expense | Peoria Heights | Illinois | National Average | |
---|---|---|---|---|
Overall | 81 | 92 | 100 | |
Services | 92 | 95 | 100 | |
Groceries | 97 | 98 | 100 | |
Health | 91 | 96 | 100 | |
Housing | 58 | 81 | 100 | |
Transportation | 105 | 105 | 100 | |
Utilities | 100 | 90 | 100 |
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Peoria Heights is $92,000.
The Median Rent in Peoria Heights is $848.
The Median Income in Peoria Heights is $51,826.
The Home Value To Income in Peoria Heights is 1.8x.
The Rent To Monthly Income in Peoria Heights is 0.2x.
Statistic | Peoria Heights | Illinois | United States |
---|---|---|---|
Median Home Value | $92,000 | $212,600 | $244,900 |
Median Rent | $848 | $1,097 | $1,163 |
Median Income | $51,826 | $72,563 | $69,021 |
Home Value To Income | 1.8x | 2.9x | 3.5x |
Rent To Monthly Income | 0.2x | 0.18x | 0.2x |
Item | Peoria Heights | Illinois |
---|---|---|
Shampoo | $1.57 | $1.06 |
Movie | $6.86 | $10.68 |
Bowling | $15.0 | $14.67 |
Haircut | $21.67 | $18.62 |
Beauty Salon | $30.0 | $39.05 |
Item | Peoria Heights | Illinois |
---|---|---|
Ground Beef | $3.91 | $4.22 |
Fried Chicken | $1.03 | $1.39 |
Milk | $1.32 | $2.05 |
Potatoes | $3.3 | $3.29 |
Pizza | $11.16 | $10.62 |
Beer | $7.53 | $9.38 |
Toothpaste | $2.27 | $2.34 |
Item | Peoria Heights | Illinois |
---|---|---|
Optometrist | $141.52 | $108.57 |
Doctor | $114.08 | $116.17 |
Dentist | $79.0 | $99.13 |
Item | Peoria Heights | Illinois |
---|---|---|
Gasoline | $2.36 | $2.22 |
Tire Balancing | $48.33 | $50.07 |
Item | Peoria Heights | Illinois |
---|---|---|
All Electricity | $161.97 | $167.67 |
Phone | $191.29 | $175.64 |
The cost of living varies in the cities and towns around Peoria Heights. Here's a quick look at the cost of living in the most populous nearby places:
Peoria, IL has a cost of living index of 87, 1.1x Peoria Heights.
Pekin, IL has a cost of living index of 84, 1.0x Peoria Heights.
East Peoria, IL has a cost of living index of 87, 1.1x Peoria Heights.
City | Population | Cost Of Living | Vs. Peoria Heights |
---|---|---|---|
Peoria, IL | 113,672 | 87 | 1.1x |
Pekin, IL | 32,398 | 84 | 1.0x |
East Peoria, IL | 22,707 | 87 | 1.1x |
Morton, IL | 16,591 | 97 | 1.2x |
Washington, IL | 16,008 | 95 | 1.2x |
Chillicothe, IL | 6,272 | 88 | 1.1x |
Bartonville, IL | 6,005 | 89 | 1.1x |
Eureka, IL | 5,569 | 84 | 1.0x |