Peoria, AZ
Population 194,338 · Arizona
About Peoria, AZ
Peoria is a major city located in Arizona with a population of 194,338 residents according to the latest US Census Bureau American Community Survey data. The median household income is $93,403 per year, which is 24% above the national median of $75,149. The median age of 42.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Peoria features a median home value of $429,400, which is 75% above the national median of $244,900. This places Peoria in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,743, 50% above the national average of $1,163/month. Of the 78,592 total housing units, 75% are owner-occupied (55,218 units) and 25% are renter-occupied (17,947 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Peoria shows an unemployment rate of 3.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Peoria have an average one-way commute time of 28.5 minutes.
Education & Demographics
35.5% of Peoria residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 15.9% White, 2.3% Hispanic or Latino, 0.8% Black or African American, and 2.6% Asian residents, with 11.3% of the population being foreign-born.
Climate & Weather
Peoria experiences an annual average temperature of 74.1°F with 9.28" of precipitation per year. The warm climate makes it appealing for those who prefer mild winters and plenty of sunshine. Summer highs average around 108°F (July–August), while winter lows dip to approximately 43°F (December–January).
How Peoria Ranks in Arizona
Cost of Living in Peoria, AZ
Compared to national averages, Peoria has a median household income of $93,403 (24% above the national median of $75,149). Home values average $429,400, which is 75% above the national median. Monthly rent at $1,743 is 50% above the US average of $1,163. Within Arizona, Peoria's income is 50% above the state average of $62,086, and home values are 81% above the state median of $237,048.
Why Live in Peoria, AZ?
Peoria offers a strong local economy with a median household income of $93,403, well above the national average, and a strong job market with an unemployment rate of just 3.5%, and a well-educated community where 35.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 8.4%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $429,400. However, as a major city, Peoria provides access to a wide range of amenities and services.
Peoria has a population of 194,338 with a median age of 42.1 years. Compare Peoria with other cities to see how it stacks up, or explore all cities in Arizona.
Similar Cities Near Peoria
Cities in Arizona with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Tempe | 186,419 | $77,643 | $421,900 | Compare |
| Surprise | 149,519 | $93,371 | $396,000 | Compare |
| Scottsdale | 242,169 | $107,372 | $709,900 | Compare |
| Glendale | 250,193 | $70,139 | $347,000 | Compare |
| Gilbert | 271,118 | $121,351 | $518,600 | Compare |
| Chandler | 278,123 | $103,691 | $469,800 | Compare |
| San Tan Valley | 105,231 | $93,642 | $365,900 | Compare |
| Goodyear | 102,891 | $101,814 | $441,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Climate & Weather in Peoria
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 61 | 66 | 70 | 87 | 93 | 100 | 111 | 106 | 99 | 91 | 77 | 68 |
| Low °F | 41 | 43 | 47 | 59 | 68 | 73 | 88 | 84 | 74 | 65 | 53 | 45 |
| Rain " | 1.8 | 1.8 | 2.2 | 0.0 | 0.1 | 0.0 | 0.0 | 0.6 | 0.3 | 0.0 | 0.2 | 2.1 |
Other Cities in Arizona
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Peoria With Other Cities
Frequently Asked Questions about Peoria
What is the population of Peoria, AZ?
The population of Peoria, AZ is 194,338 according to the latest US Census Bureau American Community Survey estimates. This makes it a major city in Arizona.
What is the median household income in Peoria?
The median household income in Peoria, AZ is $93,403 per year, which is 24% above the national median of $75,149.
What is the median home value in Peoria?
The median home value in Peoria, AZ is $429,400, which is 75% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Peoria?
The median monthly rent in Peoria, AZ is $1,743, which is 50% above the national average of $1,163/month.
What is the unemployment rate in Peoria?
The unemployment rate in Peoria, AZ is 3.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Peoria, AZ a good place to live?
Peoria offers above-average incomes, a competitive housing market, and a strong job market. With a population of 194,338 and a median age of 42.1, the city appeals to a broad range of residents.
How educated is Peoria, AZ?
35.5% of residents in Peoria aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Peoria?
Key cost-of-living indicators for Peoria, AZ: median home value is $429,400 (75% above national), median rent is $1,743/month, and median household income is $93,403. The home-value-to-income ratio is 4.6x, a moderate figure by national standards.
What is the poverty rate in Peoria?
The poverty rate in Peoria, AZ is 8.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Peoria, AZ?
Peoria's population is 15.9% White, 2.3% Hispanic or Latino, 0.8% Black or African American, 2.6% Asian, and 3.1% two or more races. 11.3% of residents are foreign-born.