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CITY

Peabody

Massachusetts · 55,953 residents (2025 est.) · 16.237 sq mi
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The short version

Peabody is wealthier than most US places, with a median household income of $96,657. Population has held roughly steady since 2000. Median home value has roughly tripled since 2000, reaching $596,200. With a median age of 45.3, the population is older than the US median of 38.9. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
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
Section 01

Population & growth

Total population
54,695
+14%since 2000
from 48,129 in 2000
1990 – 2025
Population density
3,369 / sq mi
+14%since 2000
from 2,964 / sq mi in 2000
US average: 281
Median age
45.3
+12%since 2000
from 40.3 in 2000
US average: 38.9

PEP 2025 EST:55,953 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
46K49K51K53K55K1990201020202024Peabody
202455K
1990201020202024
Section 02

Income & economy

Median household income
$96,657
−3%inflation adjusted, since 2000
from $54,829 in 2000
US average: $82,259
1990 – 2024
Per capita income
$51,060
+106%since 2000
from $24,827 in 2000
US average: $44,673
Households earning $100K+
61.2%
+19.5 ptssince 2009
from 41.7% in 2009
US average: 53.3%
Poverty rate
7.7%
+2.3 ptssince 2000
from 5.3% in 2000
US average: 12.5%
Income inequality (Gini)
0.444
+8%since 2010
from 0.413 in 2010
US average: 0.476
Workforce by industry, 2024
Information10.5%
US avg: 10.8%
Retail trade8.9%
US avg: 9.9%
Other services7.5%
US avg: 6.7%
Public administration6%
US avg: 4.8%
Wholesale trade5.6%
US avg: 6.9%
Finance & insurance5.3%
US avg: 5.9%
Professional, scientific, technical4.5%
US avg: 5.1%
Transportation & warehousing2.4%
US avg: 2.2%
Arts, entertainment, food1.4%
US avg: 1.9%
Education & health services0.8%
US avg: 0.9%
Agriculture, forestry, fishing0.2%
US avg: 1.6%
Construction0.2%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$596,200
+59%inflation adjusted, since 2000
from $205,800 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,950
+52%inflation adjusted, since 2000
from $704 in 2000
US average: $1,442
Owner-occupied
65.6%
−5.6 ptssince 2000
from 71.2% in 2000
34.4% rent
Vacancy rate
3.0%
−1.4 ptssince 2009
from 4.4% in 2009
US average: 10.0%
Owner cost-burdened
28.1%
−5.4 ptssince 2009
from 33.4% in 2009
US average: 22.9%
Renter cost-burdened
54.8%
+2.3 ptssince 2009
from 52.5% in 2009
US average: 47.4%
Afford Score
6.2
+64%since 2000
from 3.8 in 2000
1990 – 2024
Gentrification Score
51
RELATED:See current rent listings in Peabody on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic92.4%(44,466)
Black0.8%(396)
Hispanic / Latino3.4%(1,651)
Asian1.4%(660)
Other0%
Diversity Score13.7%(6,617)
2024
White, non-Hispanic72.5%(39,675)
Black4.3%(2,352)
Hispanic / Latino14.6%(7,959)
Asian2.5%(1,352)
Other6.1%(3,357)
Diversity Score55.8%(30,521)
Diversity Score
56
+306%since 2000
from 14 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
35.0%
+11.9 ptssince 2000
from 23.1% in 2000
US average: 35.6%
High school or higher
90.3%
+5.2 ptssince 2000
from 85.1% in 2000
US average: 89.6%
Graduate degree
12.4%
+5.1 ptssince 2000
from 7.3% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
25.8 min
+49%since 2000
from 17.3 min in 2000
US average: 26.5
Drive alone to work
77.4%
−7.5 ptssince 2009
from 84.9% in 2009
US average: 68.9%
Carpooled to work
7.0%
−0.7 ptssince 2009
from 7.7% in 2009
US average: 8.5%
Public transit
1.9%
−0.5 ptssince 2009
from 2.3% in 2009
US average: 3.2%
Worked from home
10.3%
+8.1 ptssince 2009
from 2.2% in 2009
US average: 15.0%
Walked to work
1.0%
−0.8 ptssince 2009
from 1.8% in 2009
US average: 2.4%
Biked to work
0.1%
−0.3 ptssince 2009
from 0.4% in 2009
US average: 0.4%
No vehicle available
8.5%
−1.5 ptssince 2009
from 10.1% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
4.9%
−2.2 ptssince 2011
from 7.1% in 2011
US average: 5.2%
Labor force participation
65.2%
−0.4 ptssince 2011
from 65.6% in 2011
US average: 63.5%
Self-employed
17.5%
+5.4 ptssince 2009
from 12.1% in 2009
US average: 13.1%
Management & professional
40.1%
−24.0 ptssince 2009
from 64.2% in 2009
US average: 42.5%
Section 08

People & community

Male
48.0%
+0.6 ptssince 2009
from 47.3% in 2009
Female
52.0%
−0.6 ptssince 2009
from 52.7% in 2009
Foreign born
17.3%
+3.7 ptssince 2009
from 13.6% in 2009
US average: 14.1%
Veterans
5.8%
−39.7 ptssince 2009
from 45.6% in 2009
US average: 6.2%
With a disability
16.2%
+2.0 ptssince 2012
from 14.2% in 2012
US average: 13.3%
Uninsured
2.4%
−93.7 ptssince 2013
from 96.1% in 2013
US average: 8.4%
Broadband at home
91.4%
+13.3 ptssince 2017
from 78.1% in 2017
US average: 91.0%
English only at home
76.2%
−2.4 ptssince 2016
from 78.6% in 2016
US average: 77.7%
Spanish at home
9.2%
+2.4 ptssince 2016
from 6.9% in 2016
US average: 13.6%
Drill deeper

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Compare Peabody to nearby cities

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PEABODY VS
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PEABODY VS
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PEABODY VS
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Frequently asked

How many people live in Peabody, Massachusetts?

Peabody, Massachusetts has about 54,695 residents according to the 2024 American Community Survey.

What is the median household income in Peabody, Massachusetts?

The typical household in Peabody, Massachusetts earns about $96,657 a year. Half of households make more than that, and half make less.

Is Peabody, Massachusetts expensive?

In Peabody, Massachusetts, the median home is worth about $596,200, and the typical rent is about $1,950 a month.

How educated are people in Peabody, Massachusetts?

About 35.0% of adults age 25 and over in Peabody, Massachusetts hold a bachelor's degree or higher.

What is the poverty rate in Peabody, Massachusetts?

About 7.7% of people in Peabody, Massachusetts live below the federal poverty line.

Has Peabody, Massachusetts grown since 1990?

Yes, Peabody, Massachusetts has grown since 1990. The population has added about 7,656 residents, a change of about 16 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →

Peabody, Massachusetts: demographics, income & housing data · CensusEasy