The most recent issue of Forbes Magazine ranks the Peoria Metropolitan area as 3rd best in the U.S. in living costs. “Living costs” is described as an “index measuring all household costs. Of the top 150 Best Places, Peoria was one of only four cities in Illinois ranked in any category. Chicago, Rockford and Davenport were the other three cities listed. Only communities with a metro population of over 350,000 were included in Forbes seventh annual ranking of Best Places for Business and Careers. Forbes relies on Economy.com, a West Chester, Pa. research firm and Bertrand Sperling, a consultant in Portland, Ore.
The survey showed that “energy prices in the U.S. rose 6.6% for businesses last year, with an 8% jump in taxes. The most expensive state in which to hang your shingle was California with housing pricing leading the way”.
Forbes lists www.forbes.com/bestplaces for more detailed information.
I did not note any media picking up on this article; if they did I missed it. If they didn’t other organizations promoting Peoria should do so.