Pros and Cons of Living In Peabody, Massachusetts. Is Peabody, MA a Nice Place To Live or Retire?

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Peabody, Massachusetts

Moving to Peabody In Massachusetts ? Is Peabody, MA a Nice Place To Live? Pros and Cons of Living in Peabody, Massachusetts. Find out the best and worst about to live, raise a family or retire in Peabody.

Peabody () is a city in Essex County, Massachusetts, United States. The population was 54,481 at the time of the 2020 United States Census. Peabody is located in the North Shore region of Massachusetts, and is known for its rich industrial history.

DEMOGRAPHICS

Population
53004
Unemployment
4.1%
13% NAT AVG.
Poverty
7.7%
45% NAT AVG.
Cost Of Living
137
37% NAT AVG.

ECONOMICS

Median Home Cost
$419500
83% NAT AVG.
Median Income
$80681
20% NAT AVG.
Median Rent
$1503
30% NAT AVG.
Overall Score
9

CRIME REPORT

Total Crime
537
57% NAT. AVG.
26% STATE AVG.
Violent Crime
114
45% NAT. AVG.
30% STATE AVG.
Property Crime
423
59% NAT. AVG.
24% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 13
Unemployed People
1 in 24
People Earning < $10,000
1 in 19
People Earning < $50,000
30.6%
People With Any Degree
1 in 2.3

ETHNICITY

Ethnicity Peabody USA
White 81.9% 60.1%
African American 3.1% 12.2%
American Indian 0.2% 0.6%
Asian 1.3% 5.6%
Hawaiian 0% 0.2%
Multiracial 1.8% 2.8%
Hispanic 11.6% 18.2%
Other 0.1% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Peabody USA
Less than $10,000 5.3% 5.8%
$10,000 to $14,999 2.6% 4.1%
$15,000 to $24,999 6.5% 8.5%
$25,000 to $34,999 7.2% 8.6%
$35,000 to $49,999 9% 12.0%
$50,000 to $74,999 16.1% 17.2%
$75,000 to $99,999 14.5% 12.8%
$100,000 to $149,999 19.7% 15.6%
$150,000 to $199,999 9.4% 7.1%

EDUCATION

Education Peabody USA
< 9th Grade 5% 5.0%
9-12th Grade 4% 7.0%
High School or GED 30% 27.0%
Other College 17% 20.0%
Associate's Degree 9% 9%
Bachelor's Degree 23% 20.0%
Master's Degree 9% 9.0%
Professional Degree 2% 2.0%
Doctorate Degree 1% 1.0%
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. The unemployment rate of Peabody remained 4.1%, which is 13% lower than national rate.

Cost of living in Peabody is 137, which is 37% higher than national average. In Peabody, only 35% of adults have a bachelor's degree and 26% have some college but no degree. 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.
Peabody Scorecard

Jobs85%

Housing90%

Affordability40%

Safety80%

Amenities90%

Diversity80%

Education80%

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