Commute
An elevated score in the commute category points to excellent public transit accessibility and shorter-than-average work commute times in this area.
Crime
Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.
Employment
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Health & Safety
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
Cost Of Living
Living in this region comes with a high cost of living, translating to elevated costs for homes, goods and services, groceries, utilities, health care and transportation.
Located in the state of Massachusetts, Peabody is a mid-sized city with a population of 54,577 residents. In Peabody, there are 3,364 people per square mile, which is well above the national population density average. The majority of Peabody residents report their race to be White; this is followed by Black and Asian. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Peabody, your commute time will align closely with the national average, spanning a one-way duration of approximately 27 minutes.
Living in Peabody can be a great experience for anyone relocating to the area. Having said that, in the state of Massachusetts, there are many desirable places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. Using the livability score which includes data from categories like amenities, cost of living, education, you can easily compare the best places to live in Peabody and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Peabody to Massachusetts and the national average.
Peabody has a livability score of 78 out of 100 and is ranked #52 in Massachusetts and #2,351 in the USA. Based on this score, Peabody would be considered a very livable city! Peabody also ranks in the top 10 percent of all cities, which is no small feat! There are nine total categories that form the livability score. Peabody ranks well for employment (A+) and housing (A-) There is at least one category that does not have great scores in Peabody. The following was graded with a disappointing score: cost of living (F).
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Peabody excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Peabody. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Peabody are affordable. The median home price for Peabody homes is $741,655, which is 18.8% higher than the Massachusetts average. If we take a closer look at the affordability of homes in Peabody, we’ll see that the home price to income ratio is 6.3, which is 6.8% higher than the Massachusetts average.
| Statistic | Peabody | Massachusetts | National |
| Average one way commute | 27min | 29min | 26min |
| Workers who drive to work | 84.2% | 71.1% | 76.4% |
| Workers who carpool | 7.2% | 7.5% | 9.3% |
| Workers who take public transit | 3.1% | 9.9% | 5.1% |
| Workers who bicycle | 0.0% | 0.8% | 0.6% |
| Workers who walk | 1.0% | 4.9% | 2.8% |
| Working from home | 3.2% | 4.7% | 4.6% |
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