Housing costs in Peabody?
A typical home costs
$578,100, which is 71.0% more expensive than the national average of
$338,100 and 3.7% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Peabody costs
$2,360 per month, which is 10.3% more than the national average of
$2,140 and 2.5% cheaper than the state average of
$2,420.
Can I afford Peabody?
To live comfortably in Peabody (zip 01960), Massachusetts, a minimum annual income of
$110,880 for a family, and
$77,600 for a single person is recommended.
What does A.I. say about Peabody?
The cost of living in 01960 Peabody, MA is relatively high compared to other parts of the country. The median home value for the area is around $355,000, which is much higher than the national average. Additionally, goods and services tend to be more expensive as well. For example, transportation costs are on the rise due to increased traffic and gas prices. Groceries can also be pricey when it comes to buying organic or specialty items. Despite these higher costs, however, living in 01960 Peabody can still be quite affordable for those who live within their means and budget accordingly.