Peoria, IL — income, home value, property tax, and sales tax.
ZIP code 61603, in Peoria, sits in working-class territory: median household income of $41,618 and per-capita income of $23,175 both trail statewide norms, while a median home value of $77,500 keeps entry into ownership within reach. That lower valuation doesn't translate into a smaller tax bill, though. The county-level effective property tax rate of 2.24% is steep, and a combined sales tax of 9.00% adds cost to everyday purchases. Households here stretch each dollar across both, balancing low housing prices against one of the heavier tax loads a buyer or shopper will encounter.
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