Massachusetts / Essex County

Moving to Peabody, MA

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Everything You Should Know Before Moving to Peabody, MA

Considering a move to Peabody, MA? This welcoming community of 54,800 residents offers a blend of suburban charm and convenience, with median home prices around $585,000 and average rents near $2,050. Commute times average 32 minutes and public transport is accessible, making it great for professionals. The area boasts low violent crime, strong schools, and plenty of sunny days (55% annually), ideal for families and commuters alike. Explore Peabody's cost of living, education, and friendly neighborhoods to see if it's the right fit for your next move.

Demographics - Peabody, MA

Peabody has a population of 54,800 residents, offering a diverse community with a median age of nearly 43 and a balanced gender ratio. The area features a strong blend of backgrounds, with about 72% White, 6% Black, and 10% Asian residents, and over 23% speaking a language other than English at home. Its high population density contributes to a lively suburban atmosphere.

Population
54,800
Density
3,600 per sq mi
Median Age
43.1
Gender Ratio
93 males per 100 females
Non-English Speakers Percentage
23.4%

Ethnic Composition

White
72.0%
Black
5.8%
Asian
9.5%
Others
12.7%

Cost Of Living

What is the average cost of living in Peabody, MA?

The cost of living in Peabody is higher than the national average, with a cost of living index of 136.8. Median home values are around $585,000 and average rents for a two-bedroom apartment are approximately $2,050. Utilities, groceries, and transportation costs are also elevated, reflecting the area's desirable location and amenities.

Median House Value
$585,000
Gross Rent
$2,050
Monthly Electricity Charges
$160
Auto Insurance
$2,050
House Owner Cost With Mortgage
$3,150
House Owner Cost Without Mortgage
$980
State Taxes
Low: 5.0%| High: 9.0%
Cost Of Living Index
136.8
Grocery
117.5
Housing
154.2
Utilities
112.3
Transportation
118.9
Health Care
116.1
Miscellaneous
108.4

Crime

Is Peabody, MA a safe place to live?

Peabody is considered a safe community, with a low violent crime rate of 125 incidents per 100,000 residents and a property crime chance of 1 in 70. Most residents enjoy peace of mind, making it an attractive choice for families. The crime index remains below many urban areas in Massachusetts.

Violent Crimes Per 100k
125
Property Crimes Per 100k
1,420
Crime Index
1,545
Chance Of Violent Crime
1 in 800
Chance Of Property Crime
1 in 70

Weather

What is the weather like in Peabody, MA year-round?

Peabody experiences four distinct seasons, with warm summers reaching highs of 83°F and cold winters dipping to 20°F. The area receives about 46 inches of rainfall annually and enjoys sunshine on 55% of days. This climate offers residents a balanced mix of outdoor opportunities year-round.

Winter

Min
20°F
Max
36°F

Summer

Min
64°F
Max
83°F

Spring

Min
42°F
Max
63°F

Fall

Min
46°F
Max
66°F
Average Rainfall Inches
46.0 inches
Sunny Days Percentage
55%

Neighbors

The neighborhood boasts a healthy median household income of $103,500 and a low poverty rate of 6.8%. Over 92% of residents have at least a high school diploma, and nearly 43% hold a bachelor's degree or higher. Commute times average 32 minutes, and almost 11% use public transportation, reflecting the area's accessibility and educated population.

Median Income
$48,500
Household Income
$103,500
Family Income
$120,000
Per Capita Income
$46,800
Income Male
$58,000
Income Female
$46,500
Poverty Rate
6.8%
Non English Speakers
25.1%
Rent
$2,050
Unemployment Rate
3.9%
Public Transport Usage
11.4%
Commute Time
31.8 minutes

Education

High School or Higher
92.1%
Bachelors or More
42.8%

Education

How are the schools in Peabody, MA?

Peabody offers quality education options, with public schools like Peabody Veterans Memorial High School and John E. McCarthy Elementary School known for favorable student-to-teacher ratios. Families also have access to private schools and several nearby colleges, including Salem State University and North Shore Community College. The community is committed to educational excellence for all age groups.

Public Schools

Name
Peabody Veterans Memorial High School
Street
485 Lowell St
Phone
978-535-7700
Students
1,250
Student Teacher Ratio
12.9
Name
John E. McCarthy Elementary School
Street
76 Lake St
Phone
978-536-5620
Students
420
Student Teacher Ratio
13.8

Private Schools

Name
St. John's Preparatory School
Street
72 Spring St
Phone
978-774-1050
Students
1,450
Name
Bishop Fenwick High School
Street
99 Margin St
Phone
978-774-4307
Students
650

Colleges

Name
Salem State University
City
Salem
State
MA
Distance
6 miles
Students
7,400
Name
North Shore Community College
City
Danvers
State
MA
Distance
5 miles
Students
4,500

Healthcare

Peabody residents have access to quality healthcare, with major hospitals like Lahey Hospital & Medical Center and North Shore Medical Center nearby. The community benefits from a high physician-to-resident ratio of 3.3 per 1,000 people and 97.0% health insurance coverage. Local healthcare services are reliable and comprehensive.

Major Hospitals

Name
Lahey Hospital & Medical Center
Address
41 Mall Rd, Burlington, MA 01805
Phone
(781) 744-5100
Type
General & Surgical
Emergency Services
Yes
Name
North Shore Medical Center
Address
81 Highland Ave, Salem, MA 01970
Phone
(978) 741-1200
Type
General & Surgical
Emergency Services
Yes

Healthcare Access

Physicians Per 1000
3.3
Health Insurance Coverage
97.0%
Health Care Index
79.8

Housing Market

What is the housing market like in Peabody, MA?

The local housing market is strong, with a median home price of $585,000 and an owner-occupied rate of nearly 63%. The market has seen a 4.6% appreciation over the past year, and rental vacancy rates remain moderate at 4.1%. Peabody offers a mix of stability and opportunity for both buyers and renters.

Median Home Price
$585,000
Average Rent For 2 Bedroom
$2,050
Owner Occupied Rate
62.5%
Rental Vacancy Rate
4.1%
Home Appreciation Rate (1yr)
4.6%
New Construction Rate
1.5%
Foreclosure Rate
0.3%

DMV Information

Residents of Peabody handle vehicle services through the Massachusetts Registry of Motor Vehicles, conveniently located in Quincy. The state DMV provides driver licensing, vehicle registration, and other essential services both in person and online. Information and resources are easily accessible for new and existing residents.

State
Massachusetts
Department
Massachusetts Registry of Motor Vehicles
Address
25 Newport Ave Ext, Quincy, MA 02171
Phone
(857) 368-8000

Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.

FAQs About Moving to Peabody, MA

Answers use the same city data shown on this page, including costs, housing, schools, safety, weather, healthcare, and DMV details.

Before moving to Peabody, review the core fields on this page: population 54,800, median home value $585,000, average rent for 2 bedroom $2,050, commute time 31.8 minutes, and sunny days percentage 55%.

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