Apartments for rent in Peru, IL

The small town of Peru, Illinois is home to slightly less than 10,000 residents. Retirees account for a greater percentage of the population (25%) here than nationally (14%), while young adults account for a smaller percentage of the town. Overall, the town's population, with an average age of just under 45, is older than most cities in Illinois. Renters tend to be in the minority in the area, and 70% of residents own their homes. Renting remains an affordable option, though, as the town boasts a relatively low average rent of $813 per month. Over the course of a year, renters in Peru will save around $2,900 compared to the state average.

With an average commute time of about 16 minutes, outperforming most cities in Illinois, Peru residents are well aware that traveling to work isn't overly time-consuming. Many residents (42%) commute to work by car, while public transit is not extensively used. Relatively few residents walk to work.

Peru has a large percentage of residents over the age of 25 who possess an Associate's degree (9%) compared to the national average (5%). Further, 11% have earned a Bachelor's degree and 5% possess a Master's degree or Doctorate. There are three primary industries in Peru: healthcare, manufacturing, and retail. Together, these industries account for 20% of the workforce in the town. Meanwhile, looking at job function, many residents work in sales, as 7% of the town's population reports this as their field of work, the highest number of any career path. Peru workers earn an average annual income of almost $60K, less than the state average. The town's average income also falls below the national average of $73,345.