Peabody, MA vs Wilmington, MA

Peabody is moderately more affordable than Wilmington, with a 13.4% lower cost of living index. Peabody scores 143 compared to 165 for Wilmington, where the US average is 100. This difference means residents of Wilmington can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Peabody is $1,902/month compared to $2,412/month in Wilmington — a 21% difference. Home values follow the same pattern: Peabody is more affordable at $566,200 median vs $646,200.

Median household income in Peabody is $95,278 compared to $161,473 in Wilmington (-41%). While Wilmington 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 17.9% in Wilmington.

Climate-wise, both cities share similar average temperatures (49.9°F vs 50.5°F). Peabody receives more rainfall at 44.9" per year compared to 42.6" in Wilmington.