Peabody, MA vs Winthrop Town, MA

Peabody, MA and Winthrop Town, MA have a very similar cost of living, with only a 2.4% difference in their overall index. Peabody scores 143 while Winthrop Town scores 146 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 $1,909/month in Winthrop Town — a 0% difference. Home values follow the same pattern: Peabody is more affordable at $566,200 median vs $606,900.

Median household income in Peabody is $95,278 compared to $106,357 in Winthrop Town (-10.4%). While Winthrop Town 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 21.5% in Winthrop Town.