NAICS 44-45

Retail Trade in Peoria, IL

Metro Market Score 42.4 (Moderate), ranked #60 of 378 metros. 1,043 establishments, 17,580 jobs.

Metro Market Assessment

Metro Market Score 42.4
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Moderate

ⓘ Lower is better. Relative to national retail trade average.

📈Rapid Growth⚡Rising Wages

Peoria ranks in the top quartile for retail trade market conditions, driven by above-average employment growth. With a market score of 42.4, conditions are relatively favorable compared to most metros.

Industry Concentration
32.0
LQ: 1.06
Rank #121 of 378 metros
Wage Competitiveness
51.6
$37,723 avg wage
Growth Trend
↑ 77.5
Employment growth index
Rank #86 of 378 metros
Wage Pressure
73.6
YoY wage change index

1,043 Retail Trade Firms in Peoria

1,043
Establishments
-0.3% YoY
17,580
Total Employment
+0.9% YoY
$37,723
Average Annual Wage
+2.3% YoY
1.06
Location Quotient
Above national avg

Peoria vs Illinois Statewide

How this metro's retail trade market compares to Illinois overall. The state ranks #39/51 for entry risk.

Measure Peoria IL Statewide
Overall Score 42.4 Moderate 48.1 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #60 of 378 metros #39 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Peoria

Construction 50.9 Other Services 61.6

Retail Trade in Other Illinois Metros

Champaign-Urbana 24.9 #3/378 Springfield 40.0 #50/378 Decatur 43.1 #71/378 Kankakee 49.5 #129/378 Bloomington 53.4 #179/378 Rockford 60.5 #259/378 Chicago-Naperville-Elgin 63.1 #287/378

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Peoria's retail trade sector, the wage pressure component (73.6) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Data period: 2024. Last updated: April 2026.