Median Income
$91,125
household / year
Median Home Value
$508,400
owner-occupied
Median Rent
$1,795
gross / month
Cost of Living
112
national avg = 100

Is Peabody, MA a Good Place to Live?

Peabody is a mid-sized city of 54,204 in Massachusetts, with a median household income of $91,125 and a 4.4% unemployment rate. Its cost of living index is 112 (US average = 100), which is 12% above the national average.

Strengths: Peabody stands out for lower-than-average crime, solid school ratings (B+).

Trade-offs: Potential downsides include an above-average cost of living, high home prices. Whether Peabody is right for you depends on your priorities — the full breakdown is below.

All Peabody city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 111.6

Peabody's overall cost of living index is 111.6, where 100 represents the US national average. Living in Peabody costs roughly 12% more than the average American city.

Metric Peabody, MA National Avg
Median Home Value $508,400 $244,900
Median Monthly Rent $1,795 $1,163
Homeownership Rate 65.5% 65.9%
Median Household Income $91,125 $74,755

Crime & Safety

Very Safe

Peabody's violent crime rate is 254.7 per 100,000 residents — 33% lower than the national average of ~380 per 100,000.

Violent Crime
254.7 /100k
Property Crime
836.9 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Peabody is served primarily by Peabody. The student-to-teacher ratio is 12.3:1 (better than the national average of ~16:1).

Metric Peabody, MA National Avg
School District Peabody —
Elementary Schools 7 —
Middle Schools 1 —
High Schools 1 —
Student/Teacher Ratio 12.3:1 16:1
Bachelor's Degree or Higher 34.9% 35.4%
High School Diploma or Higher 91.2% 91.1%

Weather & Climate

Peabody sees average highs of 36.2°F in January and 81.8°F in July, with 49.1 inches of annual precipitation and 47.8 inches of snow per year.

MetricPeabody, MA
Average High — January36.2°F
Average High — July81.8°F
Annual Precipitation49.1"
Annual Snowfall47.8"

Demographics

MetricPeabody, MANational Avg
Population54,204—
Median Age46.938.9
Unemployment Rate4.4%3.7%
Avg Commute Time27.2 min26 min
White (non-Hispanic)85.0%59.3%
Black or African American3.1%13.6%
Hispanic or Latino8.1%18.9%
Asian1.6%6.3%
Under 1817.7%22.2%
65 and over24.3%16.8%

Nearby Cities

ZIP Codes in Peabody

Peabody, MA is covered by 1 ZIP code:

Peabody vs Other Cities

Frequently Asked Questions

Peabody's cost of living index is 112, where 100 is the national average. That puts Peabody roughly 12% above the national average in cost. The median home price is $508,400 and median rent is $1,795/month.
Peabody's violent crime rate is 254.7 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 836.9 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Peabody are operated by Peabody. The district has 7 elementary, 1 middle, and 1 high schools. The student-to-teacher ratio is 12.3:1. 34.9% of adults 25+ hold a bachelor's degree or higher.
Peabody, MA has a population of 54,204, a median household income of $91,125, and an unemployment rate of 4.4%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Peabody averages 36.2°F in January and 81.8°F in July. Annual rainfall is 49.1 inches with about 47.8 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Peabody, MA is covered by 1 ZIP code: 01960.
The population of Peabody, Massachusetts is 54,204 with a median age of 46.9. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Peabody: cost of living index 112 (100 = US average), median home $508,400, median household income $91,125, crime index 56 (100 = US average, lower is safer), schools rated B+. Whether these are benefits or drawbacks depends on where you're coming from — compare Peabody side by side with your current city to see the trade-offs.