Cost of Living in Peabody, MA
Population 54,180 · Massachusetts · Data vintage 2023
(100 = US avg)
Housing in Peabody sits 86% above the national median — $566,000 for the typical home — but median household incomes near $95,278 (28% above the US figure) soften the blow that similar pricing creates in lower-wage metros.
Located <5 miles north of Lynn, Peabody falls within that metro's commuting orbit. Median home values run roughly 20% higher than Lynn's $473,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Peabody
The median home value in Peabody is $566,200 — 86% above the national median of $305,000. Median rent runs $1,902/month, 45% higher than the national median of $1,314/month. The median household income of $95,278/year is 28% higher than the US median of $74,580. The local unemployment rate is 4.8%, above the national average of 4.8%. Massachusetts's top state income tax rate is 9.0% and the combined sales tax is 6.3%. Overall, Peabody has a cost of living index of 169 versus the US average of 100, meaning it is 69% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Peabody, MA?
Peabody has a cost index of 169 (100 = national average). It is 69% above the national average.
What is average rent in Peabody, MA?
The median gross rent in Peabody is $1,902 per month based on 2023 Census data.
What is the average home price in Peabody?
The median home value in Peabody is $566,200 according to Zillow and Census data.
What is the median income in Peabody?
The median household income in Peabody is $95,278 per year (2023 ACS 5-year estimates).
What is the sales tax in Peabody, MA?
The combined state and local sales tax rate in Peabody is 6.3%. The Massachusetts state income tax top rate is 9.0%.
Is Peabody, MA affordable?
Peabody is above average in cost of living, with an index of 169 — about 69% higher than the national average.
Peabody at a Glance
- Population
- 54,180
- Median Income
- $95,278
- Home Value
- $566,200
- Median Rent
- $1,902/mo
- Unemployment
- 4.8%
- Sales Tax
- 6.3%
Explore county-level cost of living data
Massachusetts Rankings
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