Peabody is a larger medium-sized city located in the state of Massachusetts. With a population of 54,056 people and 11 associated neighborhoods, Peabody is the 25th largest community in Massachusetts.
Housing costs in Peabody are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in Massachusetts.
Also of interest is that Peabody has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.78% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
The overall education level of Peabody citizens is substantially higher than the typical US community, as 33.87% of adults in Peabody have at least a bachelor's degree, and the average American community has 21.84%.
The per capita income in Peabody in 2022 was $51,534, which is lower middle income relative to Massachusetts, and wealthy relative to the rest of the US. This equates to an annual income of $206,136 for a family of four. However, Peabody contains both very wealthy and poor people as well.
Peabody is a very ethnically-diverse city. The people who call Peabody home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Peabody residents report their race to be White, followed by Black or African-American. Peabody also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 12.40% of the city’s residents. Important ancestries of people in Peabody include Italian, Irish, English, Portuguese, and French.
In addition, Peabody has a lot of people living here who were born outside of the US (17.18%).
The most common language spoken in Peabody is English. Other important languages spoken here include Spanish and Portuguese.