Lowell, MA vs Peabody, MA

There is a significant gap in the cost of living between these two cities. Lowell is 16.2% cheaper than Peabody. With a cost index of 120 vs 143, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lowell to Peabody should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lowell is $1,603/month compared to $1,902/month in Peabody — a 16% difference. Home values follow the same pattern: Lowell is more affordable at $395,100 median vs $566,200.

Median household income in Lowell is $76,205 compared to $95,278 in Peabody (-20%). 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 Lowell spend roughly 25.2% of their income on rent, more than the 24% in Peabody.

Climate-wise, both cities share similar average temperatures (50.1°F vs 49.9°F). Peabody receives more rainfall at 44.9" per year compared to 40.9" in Lowell.