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Metropolitan Statistical Area

Cost of living in the Peoria Metro Area

5 counties across IL. Population: 365,773.

Avg. 1-bed rent
$790/mo
Avg. household income
$71,425/yr
Avg. home value
$159,978
Avg. monthly cost
$2,896/mo

Last updated May 22, 2026

Rent in the Peoria Metro Area

Average rent across the Peoria metro area, weighted by county population.

Studio
$718
per month
1 bedroom
$790
per month
2 bedroom
$1,003
per month
3 bedroom
$1,300
per month
4 bedroom
$1,364
per month

Source: HUD FMR + ACS (population-weighted metro average)

Income and earnings in the Peoria Metro Area

Earnings data averaged across all 5 counties.

Household income
$71,425
per year
Individual earnings
$43,888
per year
Per capita
$40,014
per year

Source: ACS (population-weighted metro average)

Home values in the Peoria Metro Area

Average home values and annual property tax across the metro.

Average home value
$159,978
Average annual property tax
$3,477

Source: ACS (population-weighted metro average)

Energy costs in the Peoria Metro Area

Residential electricity and natural gas estimates.

Monthly electricity
$116
per month
Monthly gas
$61
per month
Annual total
$2,124
per year

Source: EIA (state averages applied per county, weighted)

All 5 counties in the Peoria Metro Area

The Peoria metro area includes 5 counties. Sorted by population.

Compare counties in the Peoria Metro Area

Put two counties side by side to see how rent, taxes and everyday costs stack up across the metro.

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Frequently asked questions about the Peoria Metro Area

Common questions about cost of living in the metro area.

What is the cost of living in the Peoria Metro Area?

The estimated average cost of living in the Peoria metro area is approximately $2,896 per month for a single person. This is a population-weighted average across the 5 counties that make up the metro area.

What is the average rent in the Peoria Metro Area?

The average one-bedroom rent across the Peoria metro area is $790 per month, based on HUD Fair Market Rent data weighted by county population.

What is the cheapest county in the Peoria Metro Area?

Marshall County, IL is the most affordable county in the Peoria metro area at approximately $2,832 per month for a single person.

What is the most expensive county in the Peoria Metro Area?

Woodford County, IL is the most expensive county in the Peoria metro area at approximately $3,017 per month for a single person.

How many counties are in the Peoria Metro Area?

The Peoria metro area covers 5 counties. The five largest by population are Peoria County, Tazewell County, Woodford County, Marshall County, Stark County.

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About this data

All figures come from official U.S. government sources. Metro-area averages are population-weighted across constituent counties using Census ACS population estimates.