Average Salary in Peoria, Arizona

Average Salary in Peoria, AZ

Average Salary
$75000
Median Household Income
$119995
Job Growth Rate
2.4%

šŸ‘„
Population
175000
šŸ’¼
Unemployment Rate
3.5%
šŸ“ˆ
Cost of Living Index
108
šŸŽ“
College Educated
34.2%

Understanding the Salary Landscape in Peoria, Arizona

If you’re considering a career move to Peoria, understanding the local salary landscape is crucial for making informed decisions. With a population of 175000 and an average salary of $75000, Peoria offers competitive compensation across various industries in the Grand Canyon State.

The median household income in Peoria stands at $119995, reflecting the earning potential for families in the area. When adjusted for the cost of living index of 108, the real purchasing power translates to approximately $69444 annually.

Salary Breakdown by Experience Level in Peoria

Career progression in Peoria shows clear salary advancement opportunities across different experience levels:

Entry Level
$60000
Starting salaries for professionals with 0-2 years of experience
Mid-Career
$75000
Average earnings for professionals with 3-7 years of experience
Senior Level
$95000
Compensation for experienced professionals with 8+ years

The salary progression from entry-level to senior positions shows strong growth potential, with mid-career professionals earning approximately $75000 and senior-level employees commanding salaries around $95000.

Top Industries and Employers in Peoria

Peoria has a diverse economic landscape with several thriving industries driving job growth and competitive salaries:

šŸ†

Highest Paying Industry

Healthcare

The Healthcare sector offers the most competitive salaries in Peoria, attracting top talent and driving economic growth in Arizona.

Major Industries in Peoria:

Healthcare, Education, Retail

Major Employers Hiring in Peoria

Some of the largest employers in Peoria include: Banner Health, Peoria Unified School District. These companies offer competitive salaries and comprehensive benefits packages, contributing to the city’s robust job market with a job growth rate of 2.4%.

Cost of Living in Peoria: What Your Salary Can Buy

Understanding how far your salary goes in Peoria requires analyzing the local cost of living. With a cost of living index of 108 (where 100 is the national average), Peoria offers a balanced lifestyle in Arizona’s desert climate.

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Housing
Median Home Price:
$499551
Average Rent:
$1302/month
Housing Index:
115
šŸš—
Transportation
Transportation Index:
108
šŸ›’
Groceries
Grocery Index:
104
āš•ļø
Healthcare
Healthcare Index:
100
šŸ’°
Monthly Living Costs
Single Person:
$2835
Family of 4:
$6244

With housing costs representing a housing index of 115 and an average monthly rent of $1302, Peoria provides various living options. The median home price of $499551 and estimated monthly necessities of $2835 for a single person or $6244 for a family should be factored into your financial planning.

Job Market and Employment Trends in Peoria

The job market in Peoria shows promising signs with a job growth rate of 2.4% and an unemployment rate of 3.5%. This indicates a healthy economy with expanding opportunities for job seekers across Arizona.

Job Growth Rate
2.4%
↗ Growing
Unemployment Rate
3.5%
Current Rate

For professionals exploring opportunities across the state, our comprehensive Arizona salary guide provides detailed comparisons to help you identify the best locations for your career growth in the Grand Canyon State.

Demographics and Workforce Profile

Peoria has a median age of 38.2 years, with 34.2% of the population holding a college degree. This educated workforce contributes to the city’s competitive salary landscape and attracts employers seeking skilled talent in Arizona.

Median Age
38.2 years
College Educated
34.2%

Salary Comparison: Is Peoria Right for You?

MetricPeoria ValueInsight
Average Salary$75000Competitive Arizona compensation
Adjusted Salary$69444Real purchasing power after cost of living
Housing Affordability$499551Median home price in the area
Monthly Rent$1302Average rental costs
Single Monthly Budget$2835Estimated living expenses for one person
Family Monthly Budget$6244Estimated living expenses for family of 4
Job Growth2.4%Expanding employment opportunities

Key Takeaways About Salaries in Peoria

  • šŸ’° The average salary in Peoria is $75000, with median household income at $119995
  • šŸ“Š When adjusted for cost of living (108), salaries have approximately $69444 in purchasing power
  • šŸŽÆ Healthcare is the highest-paying industry, offering premium compensation packages
  • šŸ¢ Major employers like Banner Health, Peoria Unified School District provide stable career opportunities
  • šŸ“ˆ The city shows 2.4% job growth with 3.5% unemployment rate
  • šŸ  Housing costs include median home prices at $499551 and average rent at $1302
  • šŸ’µ Monthly living costs: $2835 (single) | $6244 (family)
  • šŸŽ“ 34.2% of the population holds college degrees, indicating a skilled workforce

Making Your Decision: Is Peoria the Right Career Move?

Peoria offers a compelling combination of competitive salaries, growing job opportunities, and Arizona’s desirable lifestyle. With an average salary of $75000 and a cost of living index of 108, professionals can enjoy the Grand Canyon State’s sunny climate while building their careers.

The city’s 2.4% job growth rate and 3.5% unemployment rate signal a thriving economy with expanding opportunities across multiple industries, particularly in Healthcare, Education, Retail.

Whether you’re an entry-level professional earning around $60000 or a senior executive commanding $95000, Peoria provides the economic foundation for career growth and financial stability in Arizona.

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