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2024 Compare Cities Economy:
Peabody, MA vs Springfield, MA

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Highlights
- Household income in Springfield, is 48% less than it is in Peabody and is 59% below the National Average.
- Peabody unemployment rate is 6.5%.
- Springfield unemployment rate is 11.2%.

Economy
 Peabody, MASpringfield, MAUnited States
 Unemployment Rate6.5%11.2%6.0%
 Recent Job Growth3.0%3.6%1.6%
 Future Job Growth35.6%31.7%33.5%
 Sales Taxes6.3%6.3%6.2%
 Income Taxes5.1%5.1%4.6%
 Income per Cap.$44,056$23,161$37,638
 Household Income$83,570$43,308$69,021
 Family Median Income$106,692$54,646$85,028
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 Est. Households By Income
 Peabody, MASpringfield, MAUnited States
 Income Less Than 15K8.5%19.7%9.4%
 Income between 15K and 20K1.8%6.6%3.8%
 Income between 20K and 30K8.7%11.0%8.1%
 Income between 30K and 40K6.6%9.9%8.0%
 Income between 40K and 50K4.7%8.3%7.6%
 Income between 50K and 60K6.3%6.6%7.2%
 Income between 60K and 75K8.9%8.6%9.6%
 Income between 75K and 100K13.5%11.0%12.8%
 Income between 100K and 150K20.4%11.5%16.3%
 Income between 150K and 200K10.3%4.1%7.8%
 Income greater than 200K10.4%2.6%9.5%
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 Population By Occupation
 Peabody, MASpringfield, MAUnited States
 Management, business, finance16.1%8.8%16.4%
 Engineering, computers, science7.1%3.7%6.5%
 Community, social services1.4%4.4%1.8%
 Legal1.0%0.8%1.2%
 Education, library5.7%5.2%6.2%
 Arts, design, media, sports, entertainment1.7%1.6%2.0%
 Healthcare practitioners and technology8.2%5.2%6.2%
 Healthcare support3.1%11.8%3.3%
 Firefighters, law enforcement2.4%2.4%2.1%
 Food preparation, serving6.8%5.8%5.4%
 Building maintenance3.2%3.9%3.6%
 Personal care3.7%3.5%2.6%
 Sales, office, administrative support22.4%19.1%20.9%
 Farming, fishing, forestry0.0%0.5%0.6%
 Construction, extraction, maintenance/repair7.7%5.9%8.1%
 Production, transportation, material moving9.5%17.2%13.1%

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Reviews for Peabody    0 Reviews

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Reviews for Springfield    15 Reviews

Over 5 years ago

Springfield is experiencing a rejeuvenation. Does the city have issues? Of course, what medium-sized city doesn't? During the past year, a new $1 billion MGM  More

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This city has a bad rep that is unwarranted. I just bought a terrific little house in a quiet and friendly neighborhood. Everywhere I go in this town, people are  More

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Over 10 years ago

I just moved to Springfield almost a year now. I moved there because I know the housing stock there is plentiful. It's also very affordable. The most affordable place to  More

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ZIPS IN PEABODY, MASSACHUSETTS
01960
ZIPS IN SPRINGFIELD, MASSACHUSETTS
01109, 01108, 01104, 01118, 01119, 01105, 01107, 01151, 01129, 01128, 11 total

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