Fall River, MA vs Peabody, MA

The cost of living difference between Fall River, MA and Peabody, MA is dramatic. Fall River is 31.5% cheaper than Peabody, a gap that translates to thousands of dollars per year in household expenses. Fall River has a cost index of 98 while Peabody sits at 143, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Fall River is $1,086/month compared to $1,902/month in Peabody — a 43% difference. Home values follow the same pattern: Fall River is more affordable at $357,800 median vs $566,200.

Median household income in Fall River is $53,933 compared to $95,278 in Peabody (-43.4%). While Peabody is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fall River spend roughly 24.2% of their income on rent, more than the 24% in Peabody.

Climate-wise, both cities share similar average temperatures (50.4°F vs 49.9°F). Fall River receives more rainfall at 45.9" per year compared to 44.9" in Peabody.