Newburyport, MA vs Peabody, MA

Newburyport, MA and Peabody, MA have a very similar cost of living, with only a 4.7% difference in their overall index. Newburyport scores 149 while Peabody scores 143 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Newburyport is $1,511/month compared to $1,902/month in Peabody — a 21% difference. Interestingly, home values tell a different story: while Newburyport has cheaper rent, Peabody actually has lower median home values ($566,200 vs $792,400).

Median household income in Newburyport is $144,259 compared to $95,278 in Peabody (+51.4%). While Newburyport is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Newburyport spend roughly 12.6% of their income on rent, less 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 Newburyport.