Peabody, MA
Population 54,180 · Massachusetts
About Peabody, MA
Peabody is a mid-sized city in Massachusetts with a population of 54,180 residents. The median household income is $95,278 per year, which is above the national average. The median age in Peabody is 46.6 years.
Housing in Peabody has a median home value of $566,200 and median monthly rent of $1,902. Of the 23,254 total housing units, the majority are owner-occupied, with 14,746 owner-occupied and 7,723 renter-occupied units.
The unemployment rate in Peabody is 4.8% and the poverty rate is 6.5%. 33.9% of residents hold a bachelor's degree or higher. The average commute time is 27.2 minutes.
How Peabody Ranks in Massachusetts
Cost of Living in Peabody, MA
Compared to national averages, Peabody has a median household income of $95,278 (27% above the national median of $75,149). Home values average $566,200, which is 131% above the national median. Monthly rent at $1,902 is 64% above the US average of $1,163. Within Massachusetts, Peabody's income is 10% below the state average of $105,630, and home values are 1% above the state median of $561,296.
Why Live in Peabody, MA?
Peabody offers a strong local economy with a median household income of $95,278, well above the national average, and a well-educated community where 33.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $566,200. However, as a mid-sized city, Peabody provides access to a wide range of amenities and services.
Peabody has a population of 54,180 with a median age of 46.6 years. Compare Peabody with other cities to see how it stacks up, or explore all cities in Massachusetts.
Similar Cities Near Peabody
Cities in Massachusetts with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Chicopee | 55,213 | $66,927 | $251,800 | Compare |
| Methuen Town | 53,043 | $103,270 | $472,200 | Compare |
| Weymouth Town | 57,786 | $100,077 | $516,200 | Compare |
| Medford | 59,062 | $118,089 | $715,500 | Compare |
| Everett | 49,236 | $79,658 | $605,200 | Compare |
| Barnstable Town | 49,232 | $97,348 | $559,200 | Compare |
| Taunton | 59,719 | $79,715 | $388,200 | Compare |
| Revere | 59,933 | $81,121 | $566,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Massachusetts
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Peabody
What is the population of Peabody, MA?
The population of Peabody, MA is 54,180 according to the latest Census data.
What is the median household income in Peabody?
The median household income in Peabody, MA is $95,278 per year.
What is the median home value in Peabody?
The median home value in Peabody, MA is $566,200.
What is the average rent in Peabody?
The median monthly rent in Peabody, MA is $1,902.
What is the unemployment rate in Peabody?
The unemployment rate in Peabody, MA is 4.8%.