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All about

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.

Average Rent in Peabody

Studio1 Bed2 Bed3 Bed
Dec 19$1,932$1,405$1,780$1,975
Oct 192,0341,4051,8301,975
Sep 192,1461,4051,8301,975
Aug 192,2051,4051,8301,975
Jul 192,2051,4151,8301,975
Jun 191,4151,8301,975
May 191,4551,8751,975
Apr 191,4551,8901,975
Mar 191,4151,8771,975
Feb 191,4151,8621,975
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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