01960 Peabody, MA is a city with plenty of options for housing. It has a two bedroom rent of $2,360 which is considerably higher compared to the U.S. average two bedroom rent of $1,430. The grocery cost index in 01960 Peabody, MA is 109 versus 100 in the US which also shows that this city is slightly more expensive than others throughout the country. The great thing about renting in 01960 Peabody, MA is that there are many local companies such as O'Neill's Pub & Restaurant, Peabody Square Plaza Shopping Center and Colonial Pharmacy who can provide quality services to suit your needs.
Peabody (zip 01960) has an unemployment rate of 6.5%. The US average is 6.0%.
Peabody (zip 01960) has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Peabody (zip 01960)
- The Sales Tax Rate for Peabody (zip 01960) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Peabody (zip 01960) is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Peabody (zip 01960)
- The average income of a Peabody (zip 01960) resident is $34,140 a year. The US average is $28,555 a year.
- The Median household income of a Peabody (zip 01960) resident is $83,539 a year. The US average is $69,021 a year.