Peabody, MA vs Winchester, MA

The cost of living difference between Peabody, MA and Winchester, MA is dramatic. Peabody is 30.2% cheaper than Winchester, a gap that translates to thousands of dollars per year in household expenses. Peabody has a cost index of 143 while Winchester sits at 204, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Peabody is $1,902/month compared to $2,271/month in Winchester — a 16% difference. Home values follow the same pattern: Peabody is more affordable at $566,200 median vs $1,181,700.

Median household income in Peabody is $95,278 compared to $218,176 in Winchester (-56.3%). While Winchester 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 12.5% in Winchester.