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This question is about Peabody, MA.
What is a good salary in Peabody, MA?
A good salary in Peabody, MA is anything over $64,000. That's because the median income in Peabody is $64,000, which means if you earn more than that you're earning more than 50% of the people living in Peabody. The average salary in Peabody is $73,358.
A good hourly wage in Peabody is $30.77 per hour. That works out to a good weekly wage of $1,230 per week and a good monthly wage of $5,333 per month. However, using the median income is only one way to calculate a good salary in Peabody.
Another way to calculate a good salary in Peabody is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $387,400, a good salary in Peabody would be $77,480.
Lastly, we can determine a good salary in Peabody by looking at the cost of living and comparing it to the US average salary. The cost of living in Peabody is 36% higher than than the national average. The national average salary is $56,310, so a good salary in Peabody is anything over $76,581 by this measure.
Average Annual Salary in Peabody, MA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $34,000 | $2,833 | $653 | $16.35 |
| 25th | $46,000 | $3,833 | $884 | $22.12 |
| Median | $64,000 | $5,333 | $1,230 | $30.77 |
| 75th | $90,000 | $7,500 | $1,730 | $43.27 |
| 90th | $122,000 | $10,166 | $2,346 | $58.65 |
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