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Peabody Apartment Features
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Apartments Near Peabody
For SalePeabody, MA Homes for Sale
Living In Peabody, MA
The small city of Peabody, Massachusetts is home to approximately 53,000 residents. Retirees should fit right in, as they account for 21% of the population compared to 14% nationally. At an average age of just over 43, the city's population skews older than most cities in Massachusetts. Home ownership is more common than renting in the area, and 36% of residents rent. At $1,257/month, the average rent is roughly the same as the state average.
Peabody has an average commute time of about 29 minutes. Driving is the typical mode of getting to work, opted for by 46% of residents, while public transit is not extensively used. Walking isn't a common way to get to work.
Compared to the national average (5%), Peabody has a relatively large percentage of residents over the age of 25 who possess an Associate's degree (7%). Further, 15% possess a Bachelor's degree and 7% have a Master's degree or Doctorate. There are two primary industries in Peabody: retail and healthcare. Together, these industries account for 19% of the city's labor force. Meanwhile, looking at job function, many residents work in sales, which ranks as the top profession in the city. Peabody workers earn an average annual income of just under $81,000, roughly the same as the average Massachusetts resident. However, Peabody compares more favorably to the national average of $73,345.
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