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Economy in Peabody, Massachusetts

Overview, People, Health, Economy, Housing, Rankings, Crime
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Economy
EconomyPeabody, MAUnited States
Unemployment Rate7.10%9.10%
Recent Job Growth-0.55%-0.12%
Future Job Growth31.80%31.25%
Sales Taxes5.00%6.80%
Income Taxes5.30%6.25%
Income per Cap.$32,920$27,067
Household Income$69,332$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K9.21%12.10%
Income between 15K and 25K7.30%10.18%
Income between 25K and 35K7.71%10.56%
Income between 35K and 50K12.12%14.98%
Income between 50K and 75K17.79%19.53%
Income between 75K and 100K15.27%12.52%
Income between 100K and 150K19.49%12.14%
Income between 150K and 250K6.97%3.91%
Income between 250K and 500K3.66%3.34%
Income greater than 500K0.48%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations14.93%13.81%
Professional and Related Occupations24.41%22.68%
Service13.44%14.51%
Sales and Office27.44%25.22%
Farming, Fishing, and Forestry0.11%0.68%
Construction, Extraction, and Maintenance7.53%9.37%
Production, Transportation, and Material Moving12.65%15.86%
Median Household Income

The unemployment rate in Peabody, MA, is 7.10%, with job growth of -0.55%. Future job growth over the next ten years is predicted to be 31.80%.

Peabody, MA Taxes

Peabody, MA,sales tax rate is 5.00%. Income tax is 5.30%.

Peabody, MA Income and Salaries

The income per capita is $32,920, which includes all adults and children. The median household income is $69,332.


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