Peoria appears moderately affordable relative to its income and housing costs. With a median household income of $95,815, the median gross rent of $1,843 represents about 23% of monthly income, which is within a commonly cited affordability threshold. However, the uniform non-housing calculator baseline of $1,250 per month (a model assumption, not local data) suggests additional expenses may affect overall affordability. Citywide data does not reflect neighborhood-level variation in costs or quality.
Peoria at a glance
What the default budget models
A one-person renting household begins with a modeled annual core-cost baseline of $37,116. It combines the ACS median gross-rent estimate with a uniform $1,250 monthly non-housing baseline. State income tax is excluded until a current official reference is approved; the calculator labels that limitation instead of guessing.
| 2024 ACS population estimate | 196,906 |
| 2024 ACS median household income | $95,815 |
| 2024 ACS median gross rent | $1,843 |
| 2024 ACS median owner-occupied home value | $463,600 |
| Derived one-way commute estimate | 31 minutes |
| State-tax treatment | Excluded — official reference pending |
| Rent-to-income reference | 23% |
The trade-off
Relative strength: Median rent is 23% of median income.. Watch closely: higher home values may reflect long-term equity but increase entry barriers..
Compare Peoria
Frequently asked questions
Is Peoria, Arizona affordable for renters based on 2024 ACS data?
Based on 2024 ACS 5-year estimates, median gross rent in Peoria is $1,843 per month, which is about 23% of the median household income of $95,815. This ratio suggests rental affordability relative to income, though actual affordability depends on individual circumstances and non-housing costs not captured in citywide averages.
How does Peoria's median home value compare to its median income?
The median owner-occupied home value in Peoria is $463,600, while the median household income is $95,815. This results in a home value-to-income ratio of approximately 4.8, indicating that homes cost nearly five times the annual median income. This ratio is a measure of housing affordability, with higher values suggesting greater relative cost burden.
Source ledger
Every production input below is retained with its publisher and dataset. The ACS figures are five-year estimates, not live listings or guarantees.
- PopulationU.S. Census Bureau · 2024 ACS 5-Year B01003
- Median household incomeU.S. Census Bureau · 2024 ACS 5-Year B19013
- Median gross rentU.S. Census Bureau · 2024 ACS 5-Year B25064
- Median owner-occupied home valueU.S. Census Bureau · 2024 ACS 5-Year B25077
- Commute-time distributionU.S. Census Bureau · 2024 ACS 5-Year B08303
Interpretation: The ACS 2024 five-year estimates generally summarize observations across 2020–2024. The commute number is a weighted midpoint estimate from table B08303. State income tax is not included in the modeled take-home result. Verify a current address, quote, commute, and tax situation before making a decision.