Quick facts: Peoria, AZ

Quick Facts

104.3
Cost of Living
above US average
197,866
Population
18.64
Crime Rate per 1000
below US average
$86,759
Median Income
above US average
$275,000
Median House Price
above US average
$2013.18
Average Rent
above US average
8%
Poverty Rate
below US average
3.3%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $86,759.

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Income Needed to Buy

βœ“ Affordable
$86k/year
Based on $275,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($86,759) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$86k/year
Based on $2013.18/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($86,759) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Peoria, AZ

Peoria, Arizona, is a vibrant city located in Maricopa County, just northwest of Phoenix. Known for its warm, sunny climate and beautiful desert landscapes, Peoria offers a blend of urban amenities and outdoor recreational opportunities. The city has a rich history, with roots dating back to the late 19th century, and has grown significantly over the past few decades. Peoria is home to a variety of parks and trails, including the stunning Lake Pleasant Regional Park, which is popular for boating, fishing, and hiking. The city's sports scene is highlighted by the Peoria Sports Complex, the spring training home of the San Diego Padres and Seattle Mariners, attracting baseball fans from all over. The local economy is diverse, with major sectors including healthcare, education, and retail. Peoria's vibrant arts and culture scene features local theaters, galleries, and annual events that enrich community life. With its friendly neighborhoods, quality schools, and family-oriented activities, Peoria is an attractive place for residents and visitors alike.

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