Discretionary Income in Peoria, IL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Peoria, IL is ranked 43rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Peoria, IL
Gross Salary
$8,333
Taxes
$1,601
Cost of Living
$3,169
Discretionary Income
$3,563
With a gross annual salary of $100,000 in Peoria, IL, you would need to deduct approximately $1,601 per month for taxes. Given that the average cost of living in Peoria is $3,169, you would have around $3,563 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Peoria, IL, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Peoria, IL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Peoria, IL |
|---|---|
| $30,000 | -$936 |
| $40,000 | -$244 |
| $50,000 | $448 |
| $60,000 | $1,128 |
| $70,000 | $1,737 |
| $80,000 | $2,346 |
| $90,000 | $2,954 |
| $100,000 | $3,563 |
| $110,000 | $4,171 |
| $120,000 | $4,763 |
| $130,000 | $5,355 |
| $140,000 | $5,947 |
| $150,000 | $6,539 |
| $175,000 | $8,019 |
| $200,000 | $9,472 |
| $250,000 | $12,087 |
| $300,000 | $14,589 |
| $350,000 | $17,091 |
| $400,000 | $19,594 |
| $450,000 | $22,096 |
| $500,000 | $24,598 |
Discretionary Income in Peoria, IL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Peoria, IL is ranked 62nd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Peoria, IL
Gross Salary
$8,333
Taxes
$1,601
Cost of Living
$2,114
Discretionary Income
$4,619
With a gross annual salary of $100,000 in Peoria, IL, a single person would need to deduct approximately $1,601 per month for taxes. Considering the average cost of living in Peoria is $2,114, singles would have around $4,619 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Peoria, IL, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Peoria, IL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Peoria, IL |
|---|---|
| $30,000 | $119 |
| $40,000 | $811 |
| $50,000 | $1,503 |
| $60,000 | $2,184 |
| $70,000 | $2,792 |
| $80,000 | $3,401 |
| $90,000 | $4,010 |
| $100,000 | $4,619 |
| $110,000 | $5,226 |
| $120,000 | $5,818 |
| $130,000 | $6,410 |
| $140,000 | $7,002 |
| $150,000 | $7,594 |
| $175,000 | $9,075 |
| $200,000 | $10,528 |
| $250,000 | $13,143 |
| $300,000 | $15,645 |
| $350,000 | $18,147 |
| $400,000 | $20,649 |
| $450,000 | $23,151 |
| $500,000 | $25,653 |
Discretionary Income in Peoria, IL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Peoria, IL is ranked 45th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Peoria, IL
Gross Salary
$8,333
Taxes
$1,601
Cost of Living
$3,127
Discretionary Income
$3,605
With a gross annual salary of $100,000 in Peoria, IL, a couple would need to deduct approximately $1,601 per month for taxes. Considering the average cost of living in Peoria is $3,127, couples would have around $3,605 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Peoria, IL, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Peoria, IL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Peoria, IL |
|---|---|
| $30,000 | -$894 |
| $40,000 | -$202 |
| $50,000 | $490 |
| $60,000 | $1,170 |
| $70,000 | $1,779 |
| $80,000 | $2,388 |
| $90,000 | $2,997 |
| $100,000 | $3,605 |
| $110,000 | $4,213 |
| $120,000 | $4,805 |
| $130,000 | $5,397 |
| $140,000 | $5,989 |
| $150,000 | $6,581 |
| $175,000 | $8,061 |
| $200,000 | $9,514 |
| $250,000 | $12,129 |
| $300,000 | $14,631 |
| $350,000 | $17,133 |
| $400,000 | $19,570 |
| $450,000 | $21,989 |
| $500,000 | $24,408 |
Discretionary Income in Peoria, IL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Peoria, IL is ranked 52nd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Peoria, IL
Gross Salary
$8,333
Taxes
$1,340
Cost of Living
$3,104
Discretionary Income
$3,890
With a gross annual salary of $100,000 in Peoria, IL, a single parent would need to deduct approximately $1,340 per month for taxes. Considering the average cost of living in Peoria is $3,104, single parents would have around $3,890 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Peoria, IL, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Peoria, IL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Peoria, IL |
|---|---|
| $30,000 | -$804 |
| $40,000 | -$101 |
| $50,000 | $591 |
| $60,000 | $1,283 |
| $70,000 | $1,975 |
| $80,000 | $2,667 |
| $90,000 | $3,281 |
| $100,000 | $3,890 |
| $110,000 | $4,499 |
| $120,000 | $5,101 |
| $130,000 | $5,693 |
| $140,000 | $6,285 |
| $150,000 | $6,877 |
| $175,000 | $8,358 |
| $200,000 | $9,838 |
| $250,000 | $12,484 |
| $300,000 | $14,991 |
| $350,000 | $17,493 |
| $400,000 | $19,996 |
| $450,000 | $22,498 |
| $500,000 | $25,000 |
Discretionary Income in Peoria, IL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Peoria, IL is ranked 33rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Peoria, IL
Gross Salary
$8,333
Taxes
$1,099
Cost of Living
$4,332
Discretionary Income
$2,902
With a gross annual salary of $100,000 in Peoria, IL, a family would need to deduct approximately $1,099 per month for taxes. Considering the average cost of living in Peoria is $4,332, families would have around $2,902 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Peoria, IL, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Peoria, IL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Peoria, IL |
|---|---|
| $30,000 | -$1,975 |
| $40,000 | -$1,266 |
| $50,000 | -$558 |
| $60,000 | $134 |
| $70,000 | $826 |
| $80,000 | $1,518 |
| $90,000 | $2,210 |
| $100,000 | $2,902 |
| $110,000 | $3,594 |
| $120,000 | $4,263 |
| $130,000 | $4,872 |
| $140,000 | $5,480 |
| $150,000 | $6,089 |
| $175,000 | $7,611 |
| $200,000 | $9,133 |
| $250,000 | $12,124 |
| $300,000 | $15,084 |
| $350,000 | $18,045 |
| $400,000 | $20,951 |
| $450,000 | $23,578 |
| $500,000 | $26,181 |
The assessments presented on this website, including those related to crime, safety, cost of living, and other location characteristics (e.g., states, cities, towns, villages, neighborhoods, areas, landmarks), are based on various sources and our internal research methods. These assessments are not guaranteed to be accurate or complete and should not be used as the sole basis for making any decisions.