Peoria is a city located in central Illinois, with a population of approximately 112,000. The city has been an important economic center for the state, as well as a hub for transportation and commerce.
As one of the largest cities in Illinois, Peoria offers a unique perspective on the state’s demographics and economy.
In this article, we will explore various statistics related to Peoria’s population, age distribution, income levels, unemployment rates, and major industries.
Additionally, we will examine some of the cultural and tourist attractions that make Peoria a popular destination for visitors from around the world.
By providing an in-depth analysis of these statistics and factors that influence them, this article aims to provide readers with a comprehensive understanding of what makes Peoria such an important and unique city within Illinois.
Also check tree removal peoria il
Peoria’s Demographics: Population and Age Distribution
The population and age distribution of Peoria, Illinois is a significant aspect to consider when analyzing the demographics of the city.
According to the United States Census Bureau, as of 2019, Peoria had an estimated population of 111,388 people.
The city has seen a slight decline in its population over the past decade due to factors such as outmigration and an aging population.
In terms of age distribution, Peoria’s median age is 35.4 years old which is slightly younger than the national median age of 37.7 years old.
The largest age group in Peoria is between 25-44 years old with a total percentage of 28%.
Additionally, there is also a substantial elderly population in Peoria with approximately 14% being over the age of 65.
These statistics indicate that there may be an opportunity for growth in both younger and older populations within the city.
Economic Landscape: Industries, Income, and Unemployment
Industries in the Peoria area demonstrate a diverse economic landscape, with employment opportunities ranging from manufacturing to healthcare.
As of 2020, the top employers in the region include Caterpillar Inc., OSF HealthCare, UnityPoint Health, and Illinois Central College.
The manufacturing sector has historically been a significant contributor to the local economy. However, with advancements in technology and automation leading to job losses in this sector globally, Peoria’s economy has been diversifying into other industries.
In terms of the income distribution, the median household income in Peoria is $74,900 as per 2019 figures. This is slightly lower than the national median household income of $68,703 for that year.
Unemployment rates have fluctuated over time but stood at 5.8% as of March 2021.
The COVID-19 pandemic has had an impact on unemployment rates across all sectors but particularly hit small businesses and those involved in hospitality services such as restaurants and bars.
Overall, while there remains some dependence on traditional sectors such as manufacturing and agriculture for jobs and revenue generation in Peoria, there are signs that diversification into new areas such as healthcare may provide future growth opportunities for the region’s economy.
Exploring Peoria’s Attractions: Cultural and Tourist Highlights
Exploring the cultural and tourist highlights of Peoria allows for a deeper understanding of the region’s history and attractions. The city is home to various museums, galleries, and theaters that showcase Peoria’s rich culture.
One notable attraction is the Peoria Riverfront Museum, which features interactive exhibits on science, art, and history. Visitors can also enjoy the Caterpillar Visitors Center, where they can learn about the history of one of the city’s largest employers.
In addition to its cultural offerings, Peoria also boasts several outdoor activities for visitors to enjoy.
The Wildlife Prairie Park offers hiking trails through a natural prairie habitat with bison, elk, and wolves roaming free. For those interested in water sports, Lakeview Park provides opportunities for fishing and boating on Lake Peoria.
Overall, exploring the various cultural and tourist highlights in Peoria offers a unique perspective on this vibrant Midwestern city.
Conclusion
Peoria IL is a city with a diverse population and an even more diverse economic landscape.
What’s interesting about this city is that while it has a relatively young population, it also has a significant number of retirees.
In terms of its economy, Peoria is home to several key industries such as healthcare, education, and manufacturing. The median household income in Peoria is $51,232 per year which falls below the national average. Additionally, the unemployment rate in Peoria stands at an alarming 6.5%, well above the national average.
Despite these economic challenges facing Peoria’s residents today, there are many reasons why one should visit this beautiful city.
From cultural highlights like the Contemporary Art Center of Peoria to tourist attractions like Wildlife Prairie Park, it offers something for everyone who visits or lives here.
Overall though it can be said that although there are issues faced by this city economically speaking nonetheless it still manages to offer plenty for tourists and locals alike making it worth visiting despite its struggles.