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Peabody, MA Utility & Living Guide
Living in Peabody, MA offers a unique blend of historic charm and modern amenities just north of Boston
Monthly Utility Costs
$140/mo
$80/mo
$50/mo
$30/mo
$70/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $1800/mo |
| 2 Bedrooms | $2200/mo |
| 3 Bedrooms | $2800/mo |
| Median Home Price | $430,000 |
| Property Tax Rate | 1.23% |
| Avg Childcare/mo | $1200 |
The housing market in Peabody is competitive, with a mix of older and newer homes available. Prices have been rising in recent years due to the city’s proximity to Boston and its strong school system. Rentals are also in high demand, particularly among young professionals and families
Cost of Living
146
+20% above national average
105
102
105
$1200
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 6.25% |
| Property Tax Rate | 1.23% |
| <p>State 5.2% + No County tax + Local 0% (but subject to state and local option taxes)</p> | |
Massachusetts has a flat state income tax rate of 5.2%, with some deductions and exemptions available
Family & Relocation
60
7.5/10
$1200/mo
City Pulse
Peabody has a relatively stroller-friendly public transit system, with accessible buses and a commuter rail station
- Peabody Essex Museum
- Salem Willows Arcade and Park
- Brooksby Farm
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Peabody based on your household profile.
📰 Live Local News
Peabody has regulations regarding zoning, historic preservation, and environmental protection, which may impact residents and businesses
Financial Tools
- Income Tax CalculatorEstimate take-home pay by state
- Mortgage CalculatorMonthly payment estimator
- Affordability CalculatorHow much home can you afford?
- Childcare Cost EstimatorCompare daycare costs by city
- Retirement PlannerRetirement readiness check
- Car Lease CalculatorMonthly lease payment estimator
- Savings CalculatorGrow your emergency fund
- City Comparison ToolCompare cities side by side
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📊 Peabody — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
Utility costs in Peabody tend to be higher in the winter months due to heating needs, with average bills increasing by 20-30% from December to February. In the summer, costs are relatively lower, but may still be higher than in other parts of the country due to the need for air conditioning
🏛️ Local Tax Details
The ZIP code 01960 has a property tax millage rate of 14.5, with no local surtaxes
👶 Family & Stroller Friendliness
8/10, with wide sidewalks, accessible parks, and relatively flat terrain, but some areas with limited elevator access in transit and older infrastructure
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