Peoria, IL
Population 112,126 · Illinois
About Peoria, IL
Peoria is a major city located in Illinois with a population of 112,126 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,716 per year, which is 22% below the national median of $75,149. The median age of 35.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Peoria features a median home value of $149,500, which is 39% below the national median of $244,900. This positions Peoria in a moderately priced market relative to the rest of the country. Median monthly rent is $951, 18% below the national average of $1,163/month. Of the 54,526 total housing units, 58% are owner-occupied (28,491 units) and 42% are renter-occupied (20,459 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Peoria shows an unemployment rate of 7.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 20.0%, above the national average of 12.4%. Workers in Peoria have an average one-way commute time of 17.6 minutes, one of the shorter commutes in the region.
Education & Demographics
38.0% 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 5.1% White, 1.3% Hispanic or Latino, 0.2% Black or African American, and 2.3% Asian residents, with 9.8% of the population being foreign-born.
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.
Compare Peoria With Other Cities
Frequently Asked Questions about Peoria
What is the population of Peoria, IL?
The population of Peoria, IL is 112,126 according to the latest US Census Bureau American Community Survey estimates. This makes it a major city in Illinois.
What is the median household income in Peoria?
The median household income in Peoria, IL is $58,716 per year, which is 22% below the national median of $75,149.
What is the median home value in Peoria?
The median home value in Peoria, IL is $149,500, which is 39% below 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, IL is $951, which is 18% below the national average of $1,163/month.
What is the unemployment rate in Peoria?
The unemployment rate in Peoria, IL is 7.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Peoria, IL a good place to live?
Peoria offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 112,126 and a median age of 35.8, the city appeals to a broad range of residents.
How educated is Peoria, IL?
38.0% 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, IL: median home value is $149,500 (39% below national), median rent is $951/month, and median household income is $58,716. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Peoria?
The poverty rate in Peoria, IL is 20.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Peoria, IL?
Peoria's population is 5.1% White, 1.3% Hispanic or Latino, 0.2% Black or African American, 2.3% Asian, and 25.8% two or more races. 9.8% of residents are foreign-born.