What Salary Do You Need to Live Comfortably in Peoria, IL in 2024?
Overall, on average, a gross annual salary of $51,242 is required for an average quality of life in Peoria, IL.
Is the Cost of Living High in Peoria, IL?
Peoria, IL is ranked 16th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the cheapest cities in which to live in the U.S. Peoria, IL's average monthly rent is 49% lower than the U.S. average cost of rent.
Is $50,000 a Good Salary in Peoria, IL in 2024?
A gross annual salary of $50,000 in Peoria, IL will yield an average annual net salary of $43,407. Considering that the total average annual cost of living in Peoria, IL is $38,031, a gross annual salary of $50,000 will be sufficient to cover average living costs.
How Much Should You Pay for Rent in Peoria, IL?
The average monthly rent in Peoria, IL in the city center is $907 for a 1 bedroom apartment, $1,204 for a 2 bedroom apartment and $1,506 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $806 for a 1 bedroom apartment, $1,005 for a 2 bedroom apartment and $1,208 for a 3 bedroom apartment.
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