Peoria, Illinois Income Statistics
Peoria Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
Peoria Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Peoria | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $54,604 | $84,042 | $80,455 |
| Median Personal Income | $54,721 | $64,565 | $60,758 |
| Average Yearly Income Growth | 2.5% | 4.5% | 4.8% |
| Six-Figure Earners | 9.1% | 15.0% | 13.9% |
| $200k+ Households | 6.6% | 13.8% | 13.2% |
The median household income in Peoria is about 35% lower than in Illinois. Income has been growing slower in Peoria (2.5%/yr) than in Illinois (4.5%/yr).
About 9% of adults in Peoria earn six figures ($100,000 or more) a year, lower than the Illinois average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Peoria, Illinois grew by 26.8% from 2009 to 2024, reaching $54,604 in 2024. That's an average of about 2.5% per year.
Income Inequality and the Gender Pay Gap in Peoria
| Metric | Peoria | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.561 | 0.547 | 0.552 |
| Male Median Income | $64,244 | $73,933 | $69,667 |
| Female Median Income | $52,797 | $60,067 | $56,850 |
| Gender Pay Gap | 17.8% | 18.8% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Peoria, it is 0.561, higher than Illinois's 0.547, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 22% more than women's income in Peoria, Illinois. Over a 35-year career, a 22% wage gap accumulates to roughly $400,645 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Peoria, Illinois has narrowed from about 31% to 18% in 2024. Over that period the gap was widest at 35% in 2011. In dollar terms, the gap has narrowed by $3,432 since 2009.
Employment
| Metric | Peoria | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.2% | 5.8% | 5.2% |
| Working from Home | 10.4% | 15.9% | 15.0% |
| Commute time (minutes) | 16 | 23 | 22 |
Approximately 3,853 people are unemployed in Peoria, Illinois.
The average commute time in Peoria is 16 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Peoria, Illinois has fallen from 10.3% to 8.2% in 2024. Over that period the rate peaked at 11.1% in 2014.
Conclusion
Considering all these factors, Peoria, Illinois has an overall wealth index grade of D, making it somewhat worse than Illinois, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Peoria, Illinois.
How Rich Is Peoria, Illinois?
Peoria has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $54,604, about 35% lower than the Illinois average of $84,042.
How fast is household income rising in Peoria, Illinois?
Between 2009 and 2024, the median household income in Peoria, Illinois rose 27%, from $43,067 to $54,604. Over the same years, income here lagged behind Illinois as a whole: +27% against +52%.
What was the median household income in Peoria in 2023?
In 2023, the median household income in Peoria, Illinois was $54,638, up 2% from $53,680 in 2022. The Illinois median that year was $82,182.
What was the median household income in Peoria in 2020?
In 2020, the median household income in Peoria, Illinois was $49,397. By 2024 it had risen 11% to $54,604.
Is unemployment high in Peoria, Illinois?
Unemployment in Peoria, Illinois is 8.2%, well above the Illinois rate of 5.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Peoria, Illinois?
The Gini coefficient in Peoria is 0.561. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Peoria, Illinois?
Since 2009, the income gap between men and women in Peoria, Illinois has narrowed from about 31% to 18% in 2024. Over that period the gap was widest at 35% in 2011. In dollar terms, the gap has narrowed by $3,432 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →