Peoria, IL
Population 112,126 · Illinois
About Peoria, IL
Peoria is a major city in Illinois with a population of 112,126 residents. The median household income is $58,716 per year, which is near the national average. The median age in Peoria is 35.8 years.
Housing in Peoria has a median home value of $149,500 and median monthly rent of $951. Of the 54,526 total housing units, the majority are owner-occupied, with 28,491 owner-occupied and 20,459 renter-occupied units.
The unemployment rate in Peoria is 7.8% and the poverty rate is 20.0%. 38.0% of residents hold a bachelor's degree or higher. The average commute time is 17.6 minutes.
How Peoria Ranks in Illinois
Cost of Living in Peoria, IL
Compared to national averages, Peoria has a median household income of $58,716 (22% below the national median of $75,149). Home values average $149,500, which is 39% below the national median. Monthly rent at $951 is 18% below the US average of $1,163. Within Illinois, Peoria's income is 22% below the state average of $75,072, and home values are 10% below the state median of $165,779.
Why Live in Peoria, IL?
Peoria offers affordable housing with a median home value of $149,500, below the US average of $244,900, and rent that’s lower than the national average at $951/month, and a well-educated community where 38.0% of residents hold a bachelor’s degree or higher. Additionally, the city features short commute times averaging just 17.6 minutes.
Potential considerations include median household income ($58,716) that falls below the national average. However, as a major city, Peoria provides access to a wide range of amenities and services.
Peoria has a population of 112,126 with a median age of 35.8 years. Compare Peoria with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Peoria
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Springfield | 113,714 | $65,537 | $155,200 | Compare |
| Elgin | 114,106 | $88,316 | $252,400 | Compare |
| Waukegan | 88,919 | $70,578 | $177,600 | Compare |
| Champaign | 88,822 | $57,544 | $199,700 | Compare |
| Cicero | 83,223 | $68,548 | $236,000 | Compare |
| Bloomington | 78,703 | $75,449 | $198,800 | Compare |
| Schaumburg | 76,780 | $94,690 | $312,200 | Compare |
| Rockford | 147,649 | $53,328 | $120,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Peoria
What is the population of Peoria, IL?
The population of Peoria, IL is 112,126 according to the latest Census data.
What is the median household income in Peoria?
The median household income in Peoria, IL is $58,716 per year.
What is the median home value in Peoria?
The median home value in Peoria, IL is $149,500.
What is the average rent in Peoria?
The median monthly rent in Peoria, IL is $951.
What is the unemployment rate in Peoria?
The unemployment rate in Peoria, IL is 7.8%.