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 142, which is 1.4x higher than the national index of 100.
Compared to Massachusetts, Peabody has a cost of living index that's 1.1x higher than Massachusetts's index of 130.
The standard of living in Peabody ranks as #63 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Peabody ranks as the #50 most expensive place in the Bay State.
For more reading on life in Peabody, check out:
Peabody Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Peabody. Here is how it fares on each of the criteria:
The Services index in Peabody is 109.
The Groceries index in Peabody is 114.
The Health index in Peabody is 205.
The Housing index in Peabody is 111.
The Transportation index in Peabody is 118.
The Utilities index in Peabody is 112.
| Living Expense | Peabody | Massachusetts | National Average |
|---|---|---|---|
| Overall | 142 | 130 | 100 |
| Services | 109 | 110 | 100 |
| Groceries | 114 | 115 | 100 |
| Health | 205 | 168 | 100 |
| Housing | 111 | 117 | 100 |
| Transportation | 118 | 115 | 100 |
| Utilities | 112 | 114 | 100 |
Peabody Cost Of Living Compared To Massachusetts Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Massachusetts, check out:
- Most Expensive Cities In Massachusetts
- Most Affordable Cities In Massachusetts
- Average Rent In Massachusetts
Source: Cost-of-living index 2026, normalized to US average = 100
Peabody, MA Housing Cost Breakdown
Housing swings affordability the most between places in Massachusetts, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Peabody is $694,094.
The Median Rent in Peabody is $1,950.
The Median Income in Peabody is $96,657.
The Home Value To Income in Peabody is 7.2x.
The Rent To Monthly Income in Peabody is 0.24x.
| Statistic | Peabody | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $694,094 | $656,690 | $332,700 |
| Median Rent | $1,950 | $1,762 | $1,413 |
| Median Income | $96,657 | $103,960 | $80,734 |
| Home Value To Income | 7.2x | 6.3x | 4.1x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.21x |
Peabody, MA Costs By Category
Detailed Peabody Services costs vs. Massachusetts
| Item | Peabody | Massachusetts |
|---|---|---|
| Shampoo | $1.49 | $1.28 |
| Movie | $15.49 | $12.13 |
| Bowling | $29.33 | $18 |
| Haircut | $43.72 | $24.26 |
| Beauty Salon | $65.56 | $45.56 |
Detailed Peabody Groceries costs vs. Massachusetts
| Item | Peabody | Massachusetts |
|---|---|---|
| Ground Beef | $5.48 | $5.84 |
| Fried Chicken | $1.45 | $1.57 |
| Milk | $4.76 | $4.67 |
| Potatoes | $4.99 | $4.93 |
| Pizza | $12.52 | $12.09 |
| Beer | $10.21 | $10.41 |
| Toothpaste | $3.53 | $3.7 |
Detailed Peabody Health costs vs. Massachusetts
| Item | Peabody | Massachusetts |
|---|---|---|
| Optometrist | $123.17 | $125.68 |
| Doctor | $157.89 | $135.78 |
| Dentist | $149.22 | $113.29 |
Detailed Peabody Transportation costs vs. Massachusetts
| Item | Peabody | Massachusetts |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $97.39 | $59.92 |
Detailed Peabody Utilities costs vs. Massachusetts
| Item | Peabody | Massachusetts |
|---|---|---|
| All Electricity | $302.72 | $193.99 |
| Phone | $187.85 | $192.25 |
Peabody SnackAbility
Cost Of Living In Cities Around Peabody
The cost of living varies in the cities and towns around Peabody. Here's a quick look at the cost of living in the most populous nearby places:
Lynn, MA has a cost of living index of 136, 1.0x Peabody.
Newton, MA has a cost of living index of 205, 1.4x Peabody.
Brookline, MA has a cost of living index of 221, 1.6x Peabody.
| City | Population | Cost Of Living | Vs. Peabody |
|---|---|---|---|
| Lynn, MA | 101,709 | 136 | 1.0x |
| Newton, MA | 89,044 | 205 | 1.4x |
| Brookline, MA | 63,266 | 221 | 1.6x |
| Arlington, MA | 46,350 | 173 | 1.2x |
| Salem, MA | 44,795 | 135 | 1.0x |
| Beverly, MA | 42,665 | 148 | 1.0x |
| Lexington, MA | 34,295 | 209 | 1.5x |
| Melrose, MA | 29,650 | 167 | 1.2x |
| Saugus, MA | 28,773 | 140 | 1.0x |
| Danvers, MA | 28,098 | 145 | 1.0x |
