Peoria County, IL

Comprehensive housing, income, and cost of living data for Peoria County, Illinois. Population: 181.2K.

Median Home Price
$183.1K

Based on 22 cities

Median Household Income
$64.9K

Annual household income

Price-to-Income Ratio
2.8x

Highly affordable

Salary Needed to Buy
$55.1K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$3,416

Average annual amount

Effective Tax Rate
1.87%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$926
Property Tax$285
Insurance$76.27
Total Monthly$1,287
Historical Home Prices
2015
$100.7K
2016
$100.0K
-0.6%%
2017
$99.4K
-0.6%%
2018
$97.8K
-1.6%%
2019
$97.1K
-0.7%%
2020
$103.6K
+6.7%%
2021
$114.5K
+10.6%%
2022
$123.0K
+7.4%%
2023
$131.0K
+6.5%%
2024
$140.7K
+7.5%%
2025
$152.7K
+8.5%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
5.2%%

Near national average

Population Density
293

People per square mile

Homicide Rate
11.2

Medium (per 100K residents)

Political Lean (2020)
Competitive

D+0

Racial Demographics

White
67%
Black
17.5%
Hispanic
5.8%
Asian
4.5%
Two or More Races
4.9%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
52°F

Annual average

Sunny Days
173

Days per year

Annual Rainfall
38.1"

Inches per year

Natural Disaster Risk
High Risk

Score: 91/100

Frequently Asked Questions

What is the median home price in Peoria County, IL?

The median home price in Peoria County, Illinois is $183.1K. The price-to-income ratio is 2.8x, meaning the median home costs 2.8 times the median household income.

What salary do you need to buy a home in Peoria County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $55.1K per year to buy the median home in Peoria County, IL. Monthly housing costs break down to $926 for mortgage, $285 for property tax, and $76.27 for insurance.

What is the property tax rate in Peoria County?

The effective property tax rate in Peoria County is 1.87%, which comes to approximately $3,416 per year on the median home.

What is the median household income in Peoria County?

The median household income in Peoria County, Illinois is $64.9K per year, based on Census Bureau American Community Survey data. The unemployment rate is 5.2%%.

Is Peoria County a good place to live?

Peoria County, Illinois has a population of 181.2K. Housing affordability is strong with a price-to-income ratio of 2.8x. The climate averages 52 degrees F with 173 sunny days per year. Compare Peoria County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.