Last updated: 2024 BLS data · Page refreshed:
Peabody has a population of 54,695 with a median age of 45.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 54,695 |
| Median Age | 45.3 |
| White | 75.3% |
| Black or African American | 4.6% |
| Asian | 2.5% |
| Hispanic or Latino | 14.6% |
| Other / Two or More Races | 3.0% |
The median household income in Peabody is $96,657, which is 19.9% above the national median of $80,610. The per capita income is $51,060. The poverty rate is 7.7%.
The unemployment rate in Peabody is 3.8%, compared to the national rate of 4.1%.
Tools that help you land a better-paying role — wherever you live. · Sponsored - see disclosure.
In Peabody, 90.3% of residents age 25+ have a high school diploma or higher, and 35.0% hold a bachelor's degree or higher (12.4% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 90.3% |
| Bachelor's Degree or Higher | 35.0% |
| Graduate or Professional Degree | 12.4% |
The median home value in Peabody is $596,200, above the national median of $303,400. The median monthly rent is $1,950. The homeownership rate is 65.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $596,200 |
| Median Monthly Rent | $1,950 |
| Homeownership Rate | 65.6% |
| Vacancy Rate | 3.0% |
Explore salary data for popular occupations in Massachusetts:
Find resources to help plan your move, explore homes, and compare insurance rates in Massachusetts.
Free data-driven updates on cities, salaries & cost of living — no spam, unsubscribe anytime.
Join Americans who use data to make smarter decisions. Privacy Policy