Peabody city, MA

ZIP 01960 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLarge CommunityLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Peabody city, MA (01960)

Median Income

$95,173

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+2,547

Wealth inflow

Population

53,961

Unemployment

4.9%

1.2pp above US avg

IRS migration statistics show a net inflow of about 2,547 for ZIP 01960 (Peabody city, MA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

4.9%+32% vs US avg

Self-Employed

4.3%-29% vs US avg

SNAP Benefits

10.4%-11% vs US avg

1,524

Establishments

21,323

Employees

~14 per establishment — small businesses dominate

Healthcare

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.1%
Construction5.5%
Manufacturing9.1%
Wholesale trade2.9%
Retail trade11.1%
Transportation, utilities4.9%
Information1.5%
Finance, insurance, real estate7.6%
Professional, scientific, management10.7%
Education, health care, social26.4%
Arts, entertainment, food services8.1%
Other services4.9%
Public administration7.2%

Household Income

Historical Trends in 01960 (2020–Present)

Since 2020, population grew 2.0%, median income rose 0.2% (inflation-adjusted), home values increased 14.7%.

Median Income

$95,173

+27% vs US avg

Unemployment Rate