Cost of Living in Peoria, AZ
Housing
The housing market plays a significant role in determining the cost of living in Peoria, AZ.
- Housing Index: 110.0 / 100
- Median Home Price is: $397,500
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
Considering a move to Peoria, AZ? The housing index is relatively high at 110.0, indicating a competitive market. With a median home price of 397500, it's essential to assess your budget against local income trends. The average rent for a 2-bedroom apartment sits at 1800, while renting a 2-bedroom house costs slightly more at 1840. If purchasing a home, weigh the investment against long-term living expenses and explore nearby neighborhoods for better affordability. Remember, quality of life in this area also includes access to amenities and community services.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Peoria, AZ.
- Electricity Price: $15.14 USD (median by state)
- Natural Gas Price: $23.51 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Peoria, AZ could entail higher utility costs. Electricity costs sit at $15.14, while natural gas is priced at $23.51 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Peoria is a financially viable option for your relocation.