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Peabody, MA&

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Population
52,235
0.33% growth
Median Age
44.7
Median Household Income
$64,071
5.73% growth
Poverty Rate
8.16%
Number of Employees
27,216
0.98% growth
Median Property Value
$345,500
2.92% growth

About the photo: Brooksby Farm is a working orchard/farm owned by the Essex National Historical Area and operated by the City of Peabody, MA.

Economy

The economy of Peabody, MA employs 27,216 people. The economy of Peabody, MA is specialized in Retail trade; Management of Companies & Enterprises; and Finance & Insurance, which employ respectively 1.34; 1.26; and 1.21 times more people than what would be expected in a location of this size. The largest industries in Peabody, MA are Healthcare & Social Assistance (4,264), Retail trade (4,213), and Manufacturing (2,437), and the highest paying industries are Utilities ($57,857), Finance & Insurance ($56,875), and Professional, Scientific, Tech Services ($55,291).

Median household income in Peabody, MA is $64,071. Males in Peabody, MA have an average income that is 1.28 times higher than the average income of females, which is $65,865. The income inequality of Peabody, MA (measured using the Gini index) is 0.452 which is lower than the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Peabody, MA. In Essex County, MA the age groups most likely to have health care coverage are 6-17 and 45-54, men and women, respectively. The location has a 1 to 79 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $9,285. Suffolk County, MA has the highest prevalence of homicides of any county in Massachusetts.

Coverage

Clinician to Patient Rates

The closest comparable data for the census place of Peabody, MA is from the county of Essex County, MA.

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Diversity

Peabody, MA is home to a population of 52,235 people, from which 93.2% are citizens. The ethnic composition of the population of Peabody, MA is composed of 44,438 White residents (85.1%), 4,784 Hispanic residents (9.2%), 1,078 Black residents (2.06%), 801 Asian residents (1.53%), and 764 Two+ residents (1.46%). The most common foreign languages in Peabody, MA are Spanish (3,200 speakers), Portuguese (3,119 speakers), and Greek (847 speakers), but compared to other places, Peabody, MA has a relative high number of Portuguese (3,119 speakers), Greek (847 speakers), and Italian (741 speakers).

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Education

In 2015 universities in Peabody City, Danvers, Reading, North Reading & Lynnfield Towns PUMA, MA awarded 1,072 degrees. The student population of Peabody City, Danvers, Reading, North Reading & Lynnfield Towns PUMA, MA is skewed towards females, with 386 male students and 686 female students. Most students in Peabody City, Danvers, Reading, North Reading & Lynnfield Towns PUMA, MA are White (742 and 69.2%), followed by Hispanic or Latino (169 and 15.8%), Black or African American (81 and 7.56%), and Asian (33 and 3.08%). The largest universities in Peabody City, Danvers, Reading, North Reading & Lynnfield Towns PUMA, MA by number of graduates are North Shore Community College (1,072 and 100%), N/A (N/A and N/A), and N/A (N/A and N/A). The most popular majors in Peabody City, Danvers, Reading, North Reading & Lynnfield Towns PUMA, MA are Liberal Arts & Sciences (164 and 15.3%), Other Liberal Arts & Sciences, General Studies, & Humanities (100 and 9.3%), and Criminal Justice - Safety Studies (74 and 6.9%). The median tuition costs in Peabody City, Danvers, Reading, North Reading & Lynnfield Towns PUMA, MA are N/A for private four year colleges, and N/A and N/A respectively, for public four year colleges for in-state students and out-of-state students.

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Housing & Living

The median property value in Peabody, MA is $345,500, which is 1.69 times larger than the national average of $205,000. Between 2015 and 2016 the median property value increased from $335,700 to $345,500, a 2.92% increase. The homeownership rate of Peabody, MA is 64.9%, which is higher than the national average of 63.6%. People in Peabody, MA have an average commute time of 25.3 minutes, and they commute by Drove Alone. Car ownership in Peabody, MA is approximately the same as the national average, with an average of 2 cars per household.

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United States
nation
Massachusetts
state
Essex County, MA
county
Boston-Cambridge-Newton, MA-NH Metro Area
metropolitan statistical area
Peabody City, Danvers, Reading, North Reading & Lynnfield Towns PUMA
public use microdata area
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