Peabody, Massachusetts Unemployment

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

Current unemployment data for Peabody.

4.70%

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Population

54,500

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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 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.

As part of Massachusetts, Peabody contributes to the broader economic and social landscape, offering insights into regional development.

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.