Cost of Living: Peoria, IL vs Independence, LA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Peoria | Independence |
|---|---|---|
| Housing Index | 85.0 | Data is updating |
| Median Home Price | $194,000 | $132,000 |
| Average Rent (2 BR Apartment) | $900 | $Data is updating |
| Average Rent (2 BR House) | $920 | $Data is updating |
Housing Comparison: Peoria vs Independence
- In Peoria, the median home price is higher at $194,000, while in Independence it is $132,000.
- The rent for a two-bedroom apartment is equal in both Peoria and Independence at $900.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Peoria | Independence |
|---|---|---|
| Electricity Price | $16.15 | $11.42 |
| Natural Gas Price | $16.59 | $19.48 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Peoria vs Independence
- Electricity costs are higher in Peoria at $16.15 per kWh, compared to $11.42 in Independence.
- Independence experiences higher natural gas costs at $19.48 per unit, with costs at $16.59 in Peoria.
- Utility expenses are equal in both Peoria and Independence averaging $250.