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Peabody, MA
Full City Profile · Massachusetts · Essex County County
3.2
/5.0
B
Good
54,180
Population
3,336/sq mi density
$95,278
Median Income
$51,534 per capita
$566,200
Home Value
$683,809 Zillow
$1,902
Median Rent
36.0% income on rent
50°F
Avg Temperature
246 sunny days/yr
232
Violent Crime/100K
819 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$95,278 median income, 3.1% unemployment
B
Affordability
3.3 / 5.0
$566,200 home value, $1,902/mo rent
F
Safety
1.0 / 5.0
232 violent crimes/100K
B+
Education
3.7 / 5.0
33.9% bachelor's degree or higher
Income Overview
Median Household Income
$95,278
27% above
US avg: $75,149
Per Capita Income
$51,534
32% above
US avg: $39,052
Unemployment Rate
3.1%
14% below
US avg: 3.6%
Poverty Rate
5.1%
59% below
US avg: 12.4%
Income Comparison: Peabody vs. U.S. Average
Each bar shows Peabody’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$95,278
127%
Per Capita
US: $39,052
$51,534
132%
IRS Avg AGI
US: $72,000
$111,515
155%
Avg Weekly Wage
US: $1,432
$1,453
101%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,453
1% above US avg ($1,432)
Mean Commute Time
27 min
1% below US avg (28 min)
Work From Home
8.8%
42% below US avg (15.2%)
Drive Alone
79.6%
9% above US avg (73.2%)
Public Transit
2.5%
49% below US avg (5.0%)
County GDP
$60,733M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
79.6%
Public Transit
2.5%
Work From Home
8.8%
Other
9.1%
Average commute time
27 minutes
US avg: 28 min
Business Landscape
Total Establishments
28,628
Restaurants
1,878
Healthcare
2,243
Retail
2,499
Manufacturing
777
Tax & Financial
IRS Avg Adjusted Gross Income
$111,515
55% above US avg ($72,000)
Avg Property Tax
$8,835
152% above US avg ($3,500)
Cost of Living Index
105.8
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $95,278 |
| Per Capita Income | $51,534 |
| IRS Avg Adjusted Gross Income | $111,515 |
| Avg Weekly Wage | $1,453 |
| County GDP | $60,733M |
Hardship Indicators
| Unemployment Rate | 3.1% |
| Poverty Rate | 5.1% |
| Gini Coefficient | 0.483 |
| Cost of Living Index | 105.8 |
Commute
| Mean Commute | 27 minutes |
| Drive Alone | 79.6% |
| Public Transit | 2.5% |
| Work From Home | 8.8% |
Businesses
| Total Establishments | 28,628 |
| Restaurants | 1,878 |
| Healthcare | 2,243 |
| Retail | 2,499 |
| Manufacturing | 777 |
Tax
| IRS Avg AGI | $111,515 |
| Avg Property Tax | $8,835 |