Peabody, MA vs Quincy, MA

Peabody, MA and Quincy, MA have a very similar cost of living, with only a 3.7% difference in their overall index. Peabody scores 143 while Quincy scores 148 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 Peabody is $1,902/month compared to $1,998/month in Quincy — a 5% difference. Home values follow the same pattern: Peabody is more affordable at $566,200 median vs $598,100.

Median household income in Peabody is $95,278 compared to $95,711 in Quincy (-0.5%). Quincy does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Peabody spend roughly 24% of their income on rent, less than the 25.1% in Quincy.

Climate-wise, both cities share similar average temperatures (49.9°F vs 49.7°F). Quincy receives more rainfall at 53.3" per year compared to 44.9" in Peabody.