Peoria, IL — income, home value, property tax, and sales tax.
In ZIP code 61602, which covers part of Peoria, households earn a median of $33,750, while per-capita income reaches $36,486. That gap hints at smaller household sizes or varied earners within the area. A median home value of $231,000 carries a county property tax rate of 2.24%, an annual bill near $5,174 before any exemptions. Combined with a 9.00% sales tax, everyday purchases take a noticeable bite. Budgets here stretch thinner than the income figures alone imply, since housing costs and consumption taxes both draw on earnings that sit below many Illinois communities.
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