Cost of Living in Peabody, MA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
168.9
100 = national avg
+68.9 vs national average
Living Wage (1 Adult)
$74,317
per year
Living Wage (Family of 4)
$175,659
per year
Cost Index by Category
Housing239.6
Food122.8
Transportation125.3
Healthcare118.3
Utilities141.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,476
per month
2 Bedroom
$2,941
per month
The overall cost of living index in Peabody is 168.9, which is 68.9% above the national average. Housing costs are above the national average at an index of 239.6. A single adult needs to earn approximately $74,317 per year to cover basic expenses.