There are 19 independent living communities serving Peabody, Massachusetts. This includes 3 communities in Peabody and 16 nearby. The mean cost / day for independent living in Massachusetts is approximately $96, with costs ranging between $23 and $140 per day. On a monthly basis, this equates to a median expense of $2,885, with costs ranging from about $694 up to $4,187. The mean yearly cost is $34,630, which is higher than the nationwide average of $23,100.
The cost for independent living in Peabody, MA can range from about $2,063 per month all the way up to $5,222 per month. The median cost is about $3,058 per month, or around $36,696 per year.
Peabody is a mid size city in Essex County, Massachusetts. It is part of the Boston-Cambridge-Quincy metropolitan area. The surrounding area includes 3,325,860 residents, but there are 50,944 residing in the city itself. Approximately 33% of the local residents are 55 and over.
Peabody has an exceptional SeniorScore™ of 80. The city has a mean per capita income of $32,000. The mean household income is $65,000 compared to the average of $73,000 for the entire state of Massachusetts. The current unemployment rate is approximately 7.03% and the mean housing price is $250,500, which is much lower than the state average of $514,500.
Peabody has extreme mean temperatures, with cold winters and pleasant summers. The area gets heavy levels of precipitation each year. Peabody has an average crime rate, exceptional water quality ratings, and average air quality in comparison to similarly-sized cities.