Peabody, Massachusetts Population

Peabody, Massachusetts has a population of 54,500, with a median household income of $94,000.

Current population data for Peabody.

54,500

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Population

54,500

💰

Median Income

$94,000

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Unemployment

4.70%

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Housing Price

$520,000

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Crime Rate

3.50

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Internet Speed

275.00 Mbps

Peabody is a smaller urban community located in Massachusetts. The city has a population that is above the average city population in Massachusetts, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Peabody is a notable city in Massachusetts, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Peabody has a population of 54,500, which is higher than the state average. This indicates a relatively larger urban presence within Massachusetts.

Income and Economy

The median household income in Peabody is $94,000, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Peabody is about $520,000, making it relatively affordable compared to many cities in Massachusetts.

Employment and Safety

The unemployment rate in Peabody is 4.70%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Peabody are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Massachusetts, Peabody shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Peabody offers a balanced mix of economic conditions, population trends, and housing opportunities within Massachusetts.

Frequently Asked Questions about Peabody

What is the population of Peabody?

The population of Peabody is approximately 54,500.

Is Peabody a good place to live?

Peabody offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Peabody?

The median household income in Peabody is around $94,000.

How expensive is housing in Peabody?

The average housing price in Peabody is approximately $520,000.