Cost of Living in Peoria, AZ
Population: 194,338 • 2026 Data
$93,403
Median Household Income
+21% vs national
$1,743
Median Monthly Rent
+29% vs national
$429,400
Median Home Value
+27% vs national
3.5%
Unemployment Rate
Housing in Peoria
The median home value in Peoria, AZ is $429,400. Monthly rent for a typical unit averages $1,743, while total monthly housing costs (including utilities and insurance) average $1,589.
Rent-to-income ratio: 22.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Peoria, AZ is $93,403. The unemployment rate stands at 3.5%, with a labor force of 95,344 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.