ZIP Code · IL

ZIP 61554

Part of Pekin, IL

Pop. 40,577·Tazewell County·223rd most expensive ZIP in Illinois

Median rent (all units)

$901/mo

Year-over-Year

Stable

Month-over-Month

Stable

vs US Median

-$1,031

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 61554 · $901

More affordable than 99% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$700

1 BR

$760

2 BR

$960

3 BR

$1,240

4 BR+

$1,340

Research median

$960/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($65,194) is $1,630 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,340).

From Zillow's monthly rent index (ZORI) for ZIP 61554. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$10,812/yr

At $901/mo median

Location

CityPekin

StateIL

CountyTazewell County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 61554 (Pekin, IL) is majority owner-occupied, has a median income below the national average, 19.1% of residents hold a bachelor's degree or higher.

Population

40,577

Median income

$65,194

Median age

42.6

Renters

27.1%

Age distribution

19.4%

21.1%

24.9%

14.9%

19.7%

Under 1819.4%

18–3421.1%

35–5424.9%

55–6414.9%

65+19.7%

Gender

51.4%

48.6%

Male51.4%

Female48.6%

Race & ethnicity

91.7%

White91.7%

Black2.8%

Hispanic3.1%

Asian0.6%

Other1.8%

Education (25+)

36.5%

35.7%

19.1%

No HS diploma8.7%

HS diploma36.5%

Some college35.7%

Bachelor's+19.1%

Housing tenure

72.9%

27.1%

Owner72.9%

Renter27.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 61554 in Pekin, IL has changed in 5 years

Income

$54,770 → $65,194

up 19.0%

Population

41,057 → 40,577

down 1.2%

Renter share

28.3% → 27.1%

-1.2 pts

Bachelor's+

19.7% → 19.1%

-0.6 pts

On the earnings side, the typical household in ZIP 61554 in Pekin, IL now reports about $65,194, up from $54,770 in 2021. The population has contracted by 1.2% since 2021, moving from about 41,057 residents to roughly 40,577.

Community

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Local insights

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About renting in ZIP 61554

Last updated: October 17, 2026

ZIP code 61554 covers Pekin, IL. The median rent here is $901/mo as of October 2026. A 1-bedroom rents for a median of $760/mo. A 2-bedroom rents for a median of $960/mo.

At 17% of local median household income ($65,194/yr), ZIP 61554 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 61554?

To keep rent at or below 30% of gross income, you would need to earn at least $36,000/year (about $17/hour full-time) to afford the median rent of $901/mo in ZIP 61554. The local median household income is $65,194/yr, so the typical household meets that bar.