Peabody is a city in Massachusetts state in USA with a population of 53004 residents.. The poverty rate of Peabody is 7.7%, which is 45% lower than national average. The typical household in Peabody earns $80681 a year, compared to the national median of $67,500. Nearly 30.6% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Peabody, only 91% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Peabody remained 4.1%, which is 13% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Peabody, only 35% of adults have a bachelor's degree and 26% have some college but no degree.

Cost of living in Peabody is 137, which is 37% higher than national average. Median home value in Peabody is $419500 , which is 83% higher than national average. While median income in Peabody remained $80681, which is 20% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.