Peoria, IL — income, home value, property tax, and sales tax.
In ZIP 61606, part of the Peoria area, households earn a median of $39,196, while per-capita income reaches $29,037. A median home value of $142,700 paired with the county's 2.24% effective property tax rate means annual property taxes land near $3,196, a sizable chunk of a $39,196 income. Add Peoria's 9.00% combined sales tax, and everyday purchases take a further bite. Budgets here stretch thin, with housing costs and consumption taxes absorbing a meaningful share of earnings, leaving little slack for savings or unexpected expenses.
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