Cost of Living in Pekin, IL
Population: 31,812 • 2026 Data
$58,355
Median Household Income
-25% vs national
$792
Median Monthly Rent
-41% vs national
$118,200
Median Home Value
-65% vs national
6.7%
Unemployment Rate
Housing in Pekin
The median home value in Pekin, IL is $118,200. Monthly rent for a typical unit averages $792, while total monthly housing costs (including utilities and insurance) average $886.
Rent-to-income ratio: 16.3%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Pekin, IL is $58,355. The unemployment rate stands at 6.7%, with a labor force of 15,576 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.