Essex County · Massachusetts · Northeast · 55k residents
Peabody, MA: economy, jobs & business costs
The site-selection read on Peabody: labor costs, talent, corporate tax, energy, and business activity, with the Massachusetts median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,502/wk. Massachusetts's corporate income tax rate is 8%. Commercial electricity averages 20.9¢/kWh.
Compare Peabody side by side
Avg. weekly wage
$1,502/wk
Corporate income tax
8%
Bachelor's degree or higher
35%
Commercial electricity
20.9¢/kWh
Economic momentum
How fast Peabody's economy is moving, ranked against the US cities we track.
49/100
Steady
Ranks Peabody's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $596,200 |
| Price per sq. ft. | $400 |
| Property tax rate | 1.14% |
| 1-bedroom rent | $1,796/mo |
| 2-bedroom rent | $2,028/mo |
| State & local income tax | 5% |
| Sales tax | 6.25% |
| Corporate income tax | 8% |
| Avg. weekly wage | $1,502/wk |
| Bachelor's degree or higher | 35% |
| Commercial electricity | 20.9¢/kWh |
| Businesses per 1k residents | 35.9/1k |
| Wage: Software developer | $166,090 |
| Wage: Registered nurse | $106,180 |
| Wage: General manager | $133,800 |
| Wage: Customer service | $49,920 |
| Wage: Warehouse worker | $37,700 |
| Wage: Heavy truck driver | $64,010 |
| Wage: Electrician | $79,910 |
| Wage: Retail salesperson | $36,850 |
| Cost of living index | 128 |
| Groceries index | 108 |
| Utilities | $245/mo |
| Transit pass | $90/mo |
| Gas price | $3.35/gal |
| Healthcare index | 108 |
| Childcare (per child) | $1,900/mo |
| Median household income | $96,657 |
| Unemployment rate | 3.6% |
| Population | 55k |
| Crime index | 30/100 |
| School rating | 8.5/10 |
| Walkability | 34/100 |
| Disaster risk | 96/100 |
| Avg. commute | 30 min |
| Sunny days / year | 200 days |
| July high | 82°F |
| January low | 20°F |
| Annual snowfall | — |
| Home price YoY | +0.7% |
| Home price MoM | -0.1% |
| Rent YoY | -0.3% |
| Rent MoM | +0.2% |
| Employment (jobs) YoY | +0.8% |
| Building permits YoY | -31.0% |
| Ocean coast | 14 mi |
| Big lake | 76 mi |
| Mountains | 113 mi |
| Major airport | 12 mi |
| Ski resort | 47 mi |
Popular comparisons
Nearby
- Danvers, MA · 28k
- Salem, MA · 45k
- Beverly, MA · 43k
- Swampscott, MA · 15k
- Lynn, MA · 102k
Similar size
- Chicopee, MA · 55k
- Methuen, MA · 53k
- Weymouth Town, MA · 59k
- Everett, MA · 50k
- Medford, MA · 59k
Real listings in Peabody
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Peabody a good place to run a business?
- Massachusetts's corporate income tax rate is 8%; average weekly wages in the surrounding labor market run $1,502/wk; commercial electricity averages 20.9¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Peabody, MA?
- Peabody indexes at 128 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $2,028/mo and a acs median home value of $596,200.
- How much does a house cost in Peabody?
- The acs median home value in Peabody is $596,200 (Census ACS estimate; individual listings vary).
- How much is rent in Peabody?
- A two-bedroom in Peabody rents for about $2,028/mo.