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NEIGHBORHOOD

Peabody

Massachusetts · Cambridge · 11,391 residents · 0.574 sq mi
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The short version

Peabody is significantly wealthier than the US average, with a median household income of $114,205. Population has held roughly steady since 2024. 85% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $1,214,089. At a median age of 33.0, residents skew younger than the country as a whole. Despite a median home value of $1,214,089, the poverty rate sits 34% above the US average — a pattern often seen in resort and college towns. These figures are approximated by combining the 3 census tracts that make up Peabody; the Census Bureau does not tabulate data for neighborhoods directly.

At a glance
Wealthier
above the US median
US median: $82,259
Younger
median age 33.0
US median: 38.9
More educated
85% hold a bachelor's degree
US average: 36%
Renter-heavy
40% owner-occupied
US average: 65%
Section 01

Population & growth

Total population
11,391
Population density
19,845 / sq mi
US average: 281
Median age
33.0
US average: 38.9
Section 02

Income & economy

Median household income
$114,205
US average: $82,259
Per capita income
$82,861
US average: $44,673
Households earning $100K+
64.2%
US average: 53.3%
Poverty rate
16.7%
US average: 12.5%
Income inequality (Gini)
0.543
US average: 0.476
Workforce by industry, 2024
Retail trade8%
US avg: 9.9%
Information4.5%
US avg: 10.8%
Other services4.1%
US avg: 6.7%
Public administration3.5%
US avg: 4.8%
Wholesale trade2.5%
US avg: 6.9%
Finance & insurance2.1%
US avg: 5.9%
Arts, entertainment, food2%
US avg: 1.9%
Professional, scientific, technical1.8%
US avg: 5.1%
Transportation & warehousing0.5%
US avg: 2.2%
Agriculture, forestry, fishing0.3%
US avg: 1.6%
Education & health services0.3%
US avg: 0.9%
Construction0.2%
US avg: 1.2%
Manufacturing0.1%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$1,214,089
US average: $376,019
Median gross rent
$2,505
US average: $1,442
Owner-occupied
40.2%
59.8% rent
Vacancy rate
6.8%
US average: 10.0%
Owner cost-burdened
22.5%
US average: 22.9%
Renter cost-burdened
57.4%
US average: 47.4%
Afford Score
10.6
RELATED:See current rent listings in Peabody on RentDataNow
Section 04

Race & ethnicity

2024
White, non-Hispanic58.1%(6,620)
Black8.9%(1,010)
Hispanic / Latino13.9%(1,588)
Asian12.5%(1,428)
Other6.5%(745)
Diversity Score76.9%(8,756)
2024
White, non-Hispanic58.1%(6,620)
Black8.9%(1,010)
Hispanic / Latino13.9%(1,588)
Asian12.5%(1,428)
Other6.5%(745)
Diversity Score76.9%(8,756)
Diversity Score
77
Section 05

Education

Bachelor's degree or higher
85.4%
US average: 35.6%
High school or higher
99.3%
US average: 89.6%
Graduate degree
53.5%
US average: 14.0%
Section 06

Commute & transportation

Average commute
26.5 min
US average: 26.5
Drive alone to work
21.5%
US average: 68.9%
Carpooled to work
1.3%
US average: 8.5%
Public transit
14.0%
US average: 3.2%
Worked from home
38.6%
US average: 15.0%
Walked to work
14.9%
US average: 2.4%
Biked to work
6.2%
US average: 0.4%
No vehicle available
29.3%
US average: 8.3%
Section 07

Work & employment

Unemployment rate
3.2%
US average: 5.2%
Labor force participation
66.8%
US average: 63.5%
Self-employed
20.6%
US average: 13.1%
Management & professional
73.3%
US average: 42.5%
Section 08

People & community

Male
46.6%
Female
53.4%
Foreign born
22.6%
US average: 14.1%
Veterans
2.4%
US average: 6.2%
With a disability
6.2%
US average: 13.3%
Uninsured
4.0%
US average: 8.4%
Broadband at home
94.3%
US average: 91.0%
English only at home
68.4%
US average: 77.7%
Spanish at home
7.3%
US average: 13.6%
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Frequently asked

How many people live in Peabody, Cambridge, Massachusetts?

Peabody, Cambridge, Massachusetts has about 11,391 residents according to the 2024 American Community Survey.

What is the median household income in Peabody, Cambridge, Massachusetts?

The typical household in Peabody, Cambridge, Massachusetts earns about $114,205 a year. Half of households make more than that, and half make less.

Is Peabody, Cambridge, Massachusetts expensive?

In Peabody, Cambridge, Massachusetts, the median home is worth about $1,214,089, and the typical rent is about $2,505 a month.

How educated are people in Peabody, Cambridge, Massachusetts?

About 85.4% of adults age 25 and over in Peabody, Cambridge, Massachusetts hold a bachelor's degree or higher.

What is the poverty rate in Peabody, Cambridge, Massachusetts?

About 16.7% of people in Peabody, Cambridge, Massachusetts live below the federal poverty line.

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Containing area
Cambridge

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

How we source and harmonize this data →