Peabody is a city of 54,695 people in Massachusetts. That puts it in the top 8% of US cities for household income. At a median age of 45.3, this is an older place than the country as a whole. Home values have roughly tripled since 2000, reaching $596,200. There are 3,369 people per square mile. Median rent is $1,950 a month.
At a glance
Wealthier
median household income $96,657, above the US median
US median: $82,259
Older
median age 45.3
US median: 38.9
Average education
35% hold a bachelor's degree
US average: 36%
Less affordable
home values up 59%, inflation adjusted
US median home: $376,019
Unique to this place
What stands out about Peabody
What changed most since 1990
Homes owned by their occupants70.4% → 65.6%(−4.8 pts)US over the same years: +0.9 pts
Median age36.1 → 45.3(+9.2 years)US over the same years: +6.0 years
Median home value (2024 dollars)$423,852 → $596,200(+41%)US over the same years: +67%
Peabody's population equals 6.7% of Essex County's. Its number of people who work from home equals 4.1% of the county's. Its number of veterans equals 9.4% of the county's.
Shares are "alone or in combination": a person with both Medicare and Medicaid counts in each, so categories overlap and do not sum to 100%.
Section 09 · Service history
Veterans
Veterans by period of service, 2024
Gulf War (2001 or later)18.2%(471)
US avg: 26.4%
Gulf War (1990s)8.5%(219)
US avg: 24.3%
Vietnam era31.2%(805)
US avg: 33.1%
Korean War17.3%(448)
US avg: 4.5%
World War II7.2%(187)
US avg: 1%
Share of the 2,584 veterans here. A veteran who served across eras counts in each, so shares can total more than 100%. Peacetime-only service is included in the total but not shown as an era.
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Over time
Peabody, decade by decade
Peabody population, inflation-adjusted income and home value, education, and diversity by year
Year
Population
Median household income
Median home value
Bachelor's degree+
Diversity score
1990
47,039
$95,523
$423,852
20.9%
11.2
2000
48,129
$99,880
$374,897
23.1%
18.1
2010
51,251
$94,248
$518,749
29.5%
28.3
2020
54,481
$97,789
$508,450
34.6%
48.7
2024
54,695
$96,657
$596,200
35.0%
55.8
Census years come from the decennial census and the latest year from the American Community Survey, so part of any change between those two rows can reflect the different surveys. Dollar figures are adjusted for inflation to 2024 dollars; a figure ending in "+" was at the Census Bureau's reporting cap that year. The diversity score runs from 0 to 100; see how it's calculated.
