Peabody, MA vs Stoneham, MA

Peabody, MA and Stoneham, MA have a very similar cost of living, with only a 3% difference in their overall index. Peabody scores 143 while Stoneham scores 147 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 $1,878/month in Stoneham — a 1% difference. Interestingly, home values tell a different story: while Stoneham has cheaper rent, Peabody actually has lower median home values ($566,200 vs $629,000).

Median household income in Peabody is $95,278 compared to $112,635 in Stoneham (-15.4%). While Stoneham is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Peabody spend roughly 24% of their income on rent, more than the 20% in Stoneham.

Climate-wise, both cities share similar average temperatures (49.9°F vs 51.9°F). Peabody receives more rainfall at 44.9" per year compared to 43.6" in Stoneham.