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Peabody has the 562nd largest population in the United States. The population grew by 2.4% from 2010 to 2015, which was faster than the national average. Peabody is part of the Boston metro area. Unemployment in the Boston area is 3%, which is lower than the national average, and is getting better. Boston has the 9th largest local economy in the US, and a high cost of living. The average pay for jobs in Peabody is above average at $65,860, and the median cost of a home in Peabody is $331,000, which is above the national average. 28% of workers in Peabody hold a bachelors degree or higher (above average), and 89% of workers have a high school degree (above average). Driving to work is especially common in Peabody. 75% of Peabody workers drive to work alone, 5% take public transit, 8% carpool, and 10% walk. People in Peabody spend an average of 26 minutes commuting to work, which is shorter than the national average of 26 minutes.

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