Peabody, Massachusetts Demographics & Population 2026
During the 2020–2024 ACS period, Peabody, Massachusetts had a total population of 54,695, the 24th largest city in Massachusetts, with a median household income of $96,657, which is 7% lower than the state average. The poverty rate is 7.6%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Peabody Quick Facts
How Peabody Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 54,180 | 54,695 | +1.0% |
| Median household income | $95,278 | $96,657 | +1.4% |
| Median home value | $566,200 | $596,200 | +5.3% |
How Peabody Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 53 | National average: 61
Education
Educational Attainment (Adults 25+)
Peabody Rankings in Massachusetts
Explore Massachusetts Rankings
Other Cities in Essex County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Lynn | 101,709 | $75,043 | 13.8% | $510,100 |
| Lawrence | 88,736 | $60,433 | 17.6% | $415,200 |
| Haverhill | 67,698 | $88,326 | 11.3% | $453,900 |
| Salem | 44,795 | $85,153 | 12.1% | $542,800 |
| Beverly | 42,665 | $106,044 | 9.4% | $650,300 |
| Gloucester | 30,075 | $83,883 | 9.6% | $600,600 |
| Saugus | 28,773 | $101,539 | 6.0% | $603,400 |
| Danvers | 28,098 | $125,395 | 4.8% | $644,200 |
| Marblehead | 20,413 | $182,132 | 4.4% | $943,900 |
| Newburyport | 18,652 | $139,625 | 5.0% | $834,000 |
Cities Similar to Peabody
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Weymouth Town | 58,505 | $102,714 | $552,100 | 42.8% | 7.7% |
| Methuen | 53,475 | $113,310 | $499,700 | 31.0% | 7.8% |
| Barnstable Town | 49,568 | $91,982 | $602,500 | 42.1% | 7.4% |
| Revere | 60,012 | $86,969 | $597,400 | 24.6% | 11.6% |
| Everett | 50,045 | $85,218 | $610,000 | 24.9% | 14.7% |
Population Overview
Peabody is a mid-sized community located in Massachusetts, within Essex County. The total population is 54,695. It ranks as the 24th most populous out of 248 Census-designated places in Massachusetts.
Age Demographics
The median age in Peabody is 45.3 years. This is 13% higher than the state median of 40.0 years. 12.2% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Peabody is $96,657. This is 7% lower than the state median of $103,960. It is also 20% higher than the national median of $80,734. The poverty rate stands at 7.6%. This is 24% lower than the state poverty rate of 10.0%. The unemployment rate is 4.9%. This is 5% lower than the state rate of 5.1%. The median home value is $596,200. Housing costs are 6% higher than the state median of $562,100. The home-value-to-income ratio of 6.2x suggests that housing affordability is a significant concern for many residents. 65.6% of occupied housing units are owner-occupied. This homeownership rate is 5% higher than the state average of 62.5%.
Race & Ethnicity
The largest racial or ethnic group in Peabody is White (non-Hispanic), making up 72.5% of the population. Hispanic or Latino residents account for 14.5%. The Asian population (2.5%) is well below the state average of 7.2%.
Education
35.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 26% lower than the state rate of 47.3%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.3%.
Data Sources & Methodology
All demographic data for Peabody, Massachusetts is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Massachusetts state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 248 Census-designated places in Massachusetts. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Peabody, Massachusetts?
Peabody, Massachusetts has a population of 54,695 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Peabody, MA?
The median household income in Peabody is $96,657, which is 20% higher than the national median of $80,734.
What is the poverty rate in Peabody, MA?
The poverty rate in Peabody is 7.6%. This means approximately 4,132 residents live below the federal poverty line.
What is the racial makeup of Peabody, Massachusetts?
Peabody's population is 72.5% White, 4.3% Black, 14.5% Hispanic/Latino, and 2.5% Asian.
What is the median home value in Peabody, MA?
The median home value in Peabody is $596,200. The home-value-to-income ratio is 6.2x.
How educated is Peabody, Massachusetts?
35.0% of adults (25+) in Peabody hold a bachelor's degree or higher, and 12.4% hold a graduate or professional degree.