Cost of Living in Peabody, MA
Population: 54,180 • 2026 Data
$95,278
Median Household Income
+23% vs national
$1,902
Median Monthly Rent
+41% vs national
$566,200
Median Home Value
+67% vs national
4.8%
Unemployment Rate
Housing in Peabody
The median home value in Peabody, MA is $566,200. Monthly rent for a typical unit averages $1,902, while total monthly housing costs (including utilities and insurance) average $1,965.
Rent-to-income ratio: 24.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Peabody, MA is $95,278. The unemployment rate stands at 4.8%, with a labor force of 29,409 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.