Peabody, MA Cost Of Living

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Updated: 2020-03-08
135
Peabody's Overall Cost Of Living
1.4x
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Peabody is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Peabody, MA?

According to the most recent data on the cost of living, Peabody has an overall cost of living index of 135 which is 1.4x higher than the national index of 100.

Compared to only Massachusetts, Peabody has a cost of living index that's 1.0x higher than Massachusetts's index of 131.

The standard of living in Peabody ranks as #5440 most affordable out of the 6522 places we measured in Massachusetts. By definition, that implies Peabody ranks as the #966 most expensive place in the Bay State.

For more reading on life in Peabody, check out:

Peabody Cost Of Living Vs. Massachusetts

Living Expense Peabody Massachusetts National Average
Overall 135 131 100
Services 130 122 100
Groceries 108 109 100
Health 118 121 100
Housing 170 165 100
Transportation 111 107 100
Utilities 115 114 100
For more reading on cost of living around Massachusetts, check out:
Peabody Cost of Living Vs. MA

Peabody, MA Housing Cost Breakdown

Housing swings affordability the most between places in Massachusetts, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$372,300
Median Home Value
$1,314
Median Rent
$68,387
Median Income
Statistic Peabody Massachusetts United States
Median Home Value $372,300 $366,800 $204,900
Median Rent $1,314 $1,225 $1,023
Median Income $68,387 $77,378 $60,293
Home Value To Income 5.4x 4.7x 3.4x
Rent To Monthly Income 0.23x 0.19x 0.2x

Peabody SnackAbility

9
/10
Overall SnackAbility
Jobs
8/10
Housing
9
Affordability
4
Diversity
7
Safety
8
Amenities
9
Education
8
Commute
6

Cost Of Living In Cities Around Peabody

City Population Cost Of Living Vs. Peabody
Lynn, MA 93,617 124 0.9x
Newton, MA 88,660 190 1.4x
Brookline, MA 59,234 189 1.4x
Arlington, MA 45,147 160 1.2x
Salem, MA 43,302 131 1.0x
Beverly, MA 41,731 138 1.0x
Lexington, MA 33,480 189 1.4x
Saugus, MA 28,158 135 1.0x
Melrose, MA 28,116 145 1.1x
Danvers, MA 27,631 138 1.0x

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