Peabody

Population: 54,180
Median household income: $95,278
Median home value: $566,200

Peabody, a community in Essex County, Massachusetts, has 54,180 residents. Its median household income of $95,278 runs below the Essex County figure of $99,431.

From 2019 to 2023, Peabody's population grew 2.4% from 52,906 to 54,180, while its median home value rose 46.2% from $387,400 to $566,200.

Owners occupy 65.6% of the area's occupied homes. The median resident is 46.6 years old.

Demographics

ACS 2019–2023

Population: 54,180
Median age: 46.6 yrs
Median household income: $95,278
Median home value: $566,200
Median gross rent: $1,902
Housing units: 23,254
Homeownership rate: 65.6%
Bachelor's degree or higher: 33.9%
Unemployment rate: 4.8%

Trends

ACS 5-year · 2019–2023

Population

52,90654,180

Median household income

$73,217$95,278

Median home value

$387,400$566,200

Median gross rent

$1,366$1,902

Year	Population	Median household income	Median home value	Median gross rent
2019	52,906	$73,217	$387,400	$1,366
2020	53,004	$80,681	$419,500	$1,503
2021	54,200	$83,570	$441,100	$1,620
2022	54,204	$91,125	$508,400	$1,795
2023	54,180	$95,278	$566,200	$1,902

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.7%

5 to 1711.8%

18 to 247.4%

25 to 3412.6%

35 to 4411.4%

45 to 5412.1%

55 to 6414.7%

65 to 7412.0%

75 and over12.3%

	Count	Share
Under 5	3,092	5.7%
5 to 17	6,407	11.8%
18 to 24	4,007	7.4%
25 to 34	6,831	12.6%
35 to 44	6,189	11.4%
45 to 54	6,532	12.1%
55 to 64	7,957	14.7%
65 to 74	6,491	12.0%
75 and over	6,674	12.3%

Race & ethnicity

	Count	Share
White (non-Hispanic)	41,547	76.7%
Black or African American	1,937	3.6%
American Indian & Alaska Native	18	0.0%
Asian	1,085	2.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	404	0.7%
Two or more races	2,470	4.6%
Hispanic or Latino (any race)	6,719	12.4%

Educational attainment (age 25+)

No high school diploma9.4%

High school graduate29.6%

Some college or associate's27.1%

Bachelor's degree22.3%

Graduate or professional degree11.5%

	Count	Share
No high school diploma	3,837	9.4%
High school graduate	12,047	29.6%
Some college or associate's	11,012	27.1%
Bachelor's degree	9,082	22.3%
Graduate or professional degree	4,696	11.5%

Commute to work

Mean travel time to work: 27 min

Drove alone79.6%

Carpooled6.6%

Public transit2.5%

Walked0.9%

Bicycle0.1%

Worked from home8.8%

Other means1.4%

How workers get to work

	Count	Share
Drove alone	21,570	79.6%
Carpooled	1,801	6.6%
Public transit	687	2.5%
Walked	257	0.9%
Bicycle	38	0.1%
Worked from home	2,379	8.8%
Other means	374	1.4%

Travel time

	Count	Share
Under 15 min	5,475	22.1%
15 to 29 min	9,845	39.8%
30 to 44 min	4,986	20.2%
45 to 59 min	1,745	7.1%
60+ min	2,676	10.8%

Households

Average household size: 2.38
Poverty rate: 6.5% (3,482 of 53,517)

	Count	Share
Family households	13,896	61.8%
Nonfamily households	8,573	38.2%

Housing

Median year structure built: 1966

Occupancy

	Count	Share
Occupied	22,469	96.6%
Vacant	785	3.4%

Tenure (of occupied units)

	Count	Share
Owner-occupied	14,746	65.6%
Renter-occupied	7,723	34.4%

1-unit, detached49.9%

1-unit, attached4.7%

2 to 4 units14.0%

5 to 19 units11.0%

20 or more units18.0%

Mobile home & other2.3%

Units in structure

	Count	Share
1-unit, detached	11,610	49.9%
1-unit, attached	1,103	4.7%
2 to 4 units	3,257	14.0%
5 to 19 units	2,563	11.0%
20 or more units	4,182	18.0%
Mobile home & other	539	2.3%

Geography

Place GEOID: 2552490
Type (LSAD): 25
Land area: 16 sq mi
Water area: 0.57 sq mi
Center point: 42.5343, -70.9694