Is Peoria AZ a Good Place to Live? Top Reasons to Call This Growing Phoenix Suburb Home
Peoria, Arizona, may surprise you with its unique mix of desert living and proximity to water sports—yes, water sports, in the desert! Located in the Northwest Valley of Phoenix, Peoria is one of the most sought-after suburbs in the area, offering a fantastic blend of outdoor adventure, affordability, and an ever-growing job market. Whether you’re moving from out of state or just looking for a new place to call home in the Phoenix area, Peoria should be on your radar. Here’s a breakdown of what makes Peoria such a special place to live.
Proximity to Lake Pleasant and Outdoor Activities
Peoria’s location near Lake Pleasant makes it a dream for water lovers. Just north of the city, Lake Pleasant offers one of the largest lakes in the region, perfect for boating, fishing, and other water activities. This accessibility to water sets Peoria apart from other Phoenix suburbs. Whether you’re into paddleboarding, jet skiing, or simply enjoying a day on the water, Peoria provides desert living with the added bonus of lake life.
Tip: Lake Pleasant is one of the top destinations for outdoor enthusiasts in Arizona, offering scenic views and a wide range of recreational activities.
Cost of Living in Peoria
Living in Peoria gives you access to an affordable lifestyle compared to the national average. The cost of healthcare, for instance, is 7% lower than the national average, making it easier to access quality care. Peoria’s food costs also come in slightly below the national average, offering a more affordable lifestyle when it comes to grocery shopping and dining out.
While Peoria may not have a large selection of high-end or specialty restaurants, it compensates with affordability and easy access to chain restaurants and casual dining. If you’re looking for more culinary diversity, you’re just a short drive from Phoenix and Scottsdale, where the food scene thrives.
Stat: Peoria’s food costs are 98% of the national average, meaning you won’t be breaking the bank on groceries and dining out.
Transportation and Accessibility
Getting around Peoria is a breeze thanks to the well-connected 101 Loop and the 303 Loop, which make commuting easy. However, public transportation options are limited, contributing to a slightly higher transportation cost compared to the national average. You’ll likely need a car to navigate the city efficiently, especially when commuting to work or running errands.
Tip: Peoria’s transportation score is 120, higher than the national average due to limited public transit options, so having a personal vehicle is key.
Housing Market: Growth and Affordability
Peoria is experiencing a population boom, driving up demand for housing. The median home price in Peoria sits around $540,000, making it more expensive than the national average, but still a competitive option compared to other Phoenix suburbs. New homes are being built rapidly to meet demand, and Peoria still has plenty of land for future growth. Whether you’re looking for a new build or a rental property, Peoria offers a wide variety of options.
If you’re looking to rent, a three-bedroom home will cost you about $2,800 per month, while a four-bedroom home averages around $3,200 per month. For those seeking a more affordable option, studio apartments start at around $1,550.
Tip: Peoria’s housing market is growing, with both new builds and existing homes available. The city’s median home cost is above the national average, but it offers long-term potential for real estate investors.
Safety and Community
One of Peoria’s standout qualities is its safety. Peoria scores 16 out of 100 (with 100 being the worst) for crime, making it one of the safer areas in the Northwest Valley. This sense of security, combined with the area’s family-friendly atmosphere, makes Peoria a great place to raise a family or simply enjoy a quieter, more relaxed lifestyle.
Stat: Peoria has a lower crime rate compared to other Phoenix suburbs, providing peace of mind for residents.
Job Market and Economic Growth
Peoria is positioned for future economic growth, particularly with the development of the 303 Loop and the nearby tech corridor anchored by the Taiwan Semiconductor Manufacturing Company (TSMC) project. This massive tech hub is expected to bring high-paying jobs to the area, benefiting Peoria residents and further driving the demand for housing.
Currently, the unemployment rate in Peoria is 4.1%, slightly below the national average, with household incomes averaging around $81,000—significantly higher than the national average of $69,000. This robust job market is a major draw for those looking to relocate for employment opportunities.
Tip: With the TSMC project nearby, Peoria is poised for long-term job growth, making it an attractive area for both workers and investors.
Education and Schools
Peoria is home to a range of public, private, and charter schools, making it a great place for families. The city’s schools are well-rated, offering excellent education options for children from elementary through high school. For families, Peoria provides the balance of suburban life with proximity to top-notch educational institutions.
Conclusion: Is Peoria, AZ Right for You?
With its blend of outdoor adventure, affordability, and economic growth, Peoria, AZ, offers a fantastic lifestyle for families, professionals, and retirees alike. Its proximity to Lake Pleasant, safe neighborhoods, and future job opportunities make it a great place to live in the Phoenix area. While the cost of living is slightly above the national average, Peoria’s benefits—like access to water sports, a growing job market, and a family-friendly environment—make it worth the investment.
If you’re interested in learning more about Peoria or want to explore housing options, don’t hesitate to reach out. Our team is here to help you navigate the home buying process and find the perfect place for you in this thriving suburb.