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The total population of Peabody is estimated to be 54,204 with 25,909 males (47.80%) and 28,295 females (52.20%). There are 2,386 more females than males in Peabody.
The median household income in Peabody was $90,332 in 2021, which marked an a decrease of 1,091(1.19%) from $91,423 in 2020. This income is 121.08% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Peabody sees its highest median household income among householders in the age group of 25 to 44 years old, at $110,359. Overall, the median household income for the city of Peabody stands at $90,332.
In Peabody, the median income for all workers aged 15 years and older, regardless of work hours, was $58,270 for males and $35,477 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $82,107 for males and $63,619 for females.
In Peabody, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Asian households have the highest median household income at $130,884, while Black or African American households represent the opposite end with the lowest median household income of $60,512.
In 2022, the population of Peabody was 53,896, a 0.45% decrease year-by-year from 2021. Previously, in 2021, Peabody's population was 54,140, a decline of 0.46% compared to a population of 54,388 in 2020.
The median age in Peabody, MA is 46.5, as per 2021 ACS 5-Year Estimates. Of the total population, 14.86% were under the age of 15, 16.25% aged 15 to 29, 46.00% aged 30 to 64, 17.10% aged 65 to 84, and 5.79% were 85 years of age and older.
Racial distribution of Peabody population: 86.74% are White, 3.40% are Black or African American, 0.16% are American Indian and Alaska Native, 1.34% are Asian, 2.82% are some other race and 5.54% are multiracial.