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Peabody, Massachusetts

city · Essex County

At a glance

54,695
Population
$596,200
Median home value (all homes)
97% above U.S. median
$707,213
Typical market value
Zillow, 2026-07
$1,950/mo
Median rent
45% above U.S. median
$96,657
Median household income
23% above U.S. median
25.8 min
Average commute
91.4%
Homes with broadband
2.17%
Locations with fiber available
4.9%
Unemployment

Cost of living (Clay Affordability Index)

CAI 133 — 33% above the national average. how it's computed

Housing114% above
Goods & services2% above
Utilities4% below
Taxes7% below
Insurance5% above
Commute cost4% below
For business: Massachusetts is CBII band 3/5 · time to build band 3/5. See state page for the breakdown.

Living here

Nearest 4-year college3 mi
Nearest community college5 mi
Nearest technical college10 mi
High school graduates90.3%
College graduates35%

Doing business here

Economic development contacts, most local first:

city Peabody Economic Development
The Community Development & Planning Office coordinates planning, transportation, housing, and economic development activities for city agencies and administers local development controls in line with long-range goals. It describes programs to create a vibrant downtown, diversify the economy, develop housing, protect ecologically sensitive open space, and promote a safe, efficient, and environmentally conscious transportation system.
state MassDevelopment
MassDevelopment provides financing, real estate, and community development solutions to grow businesses, create opportunity, and energize cities and towns across Massachusetts. It aims to revitalize communities, expand housing, and create jobs.
state Massachusetts Alliance for Economic Development
MassEcon is a private, non-profit partnership of business, industry leaders, and government dedicated to the economic growth of Massachusetts. MassEcon's mission is to promote and champion Massachusetts as the best place to start, grow and locate a business.
State sales taxYes
State income taxYes
Right-to-work stateNo

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