Peoria, IL — income, home value, property tax, and sales tax.
ZIP code 61547, in the Peoria area, sits firmly in upper-middle-income territory, with a median household income of $108,158 that outpaces the national figure and a per-capita income of $44,100. Homes here carry a median value of $243,000, and the county-level effective property tax rate of 2.24% means owners face a meaningful annual bill on that value. Add a combined sales tax of 7.25% on purchases, and the overall tax load leans heavier than many parts of the country. Even so, the strong earnings base here leaves room to absorb those costs without straining most household budgets.
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