Arizona · Population 194,338 · Updated March 2026
How far your income goes in Peoria
State-level tax rates that affect your costs
Peoria has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 125 (where 100 equals the national median), Peoria residents can expect to pay median rent of $1,743/month while earning a median household income of $93,403/year.
The median home value in Peoria, AZ is $429,400, with typical monthly owner costs around $1,589 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.
Arizona has a moderate income tax rate of 2.5%. Combined with a 5.6% sales tax rate and 0.62% effective property tax rate, the overall tax environment is a factor in the total cost of living in Peoria.
Common questions about living costs in Peoria
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