Cost of living in Peabody
Peabody, located in Massachusetts, offers a unique blend of suburban charm and urban convenience. Understanding the cost of living in Peabody is crucial for anyone considering moving to or residing in this vibrant city.
This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $21 on average, with a range between $15 and $50.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $110, with prices ranging from $70 to $200.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $12, with a range between $10 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $12, imported beer $6 to $13, cappuccino $4 to $8, and Coke/Pepsi $2 to $5.
Grocery Prices
- Milk - Milk is priced between $0.7 and $4 per liter, averaging $1.33.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.98 and $7, with an average price of $3.46.
- Eggs (Dozen) - A dozen eggs range from $2.07 to $8, averaging $4.4.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.18 to $8.82 per kg, while oranges range from $2.6 to $13.23 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.76 and $7.72 per kg, and lettuce costs $1.69 to $4.5 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.82 and $1.06 per liter.
- Taxi Fares - Taxi fares start at $2.6, with a cost of $1.74 to $3.73 per km and $28 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre is not specified in the data provided.
- 1-Bedroom Apartment Rent (Outside Centre) - Rent for a 1-bedroom apartment outside the city centre is not specified in the data provided.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $122.78 and $400, averaging $200.87.
- Internet - Internet services range from $45 to $125, with an average cost of $59.17.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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Salaries And Financing
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"Key Takeaways"
Peabody's cost of living reflects its suburban setting with urban amenities, offering a range of dining options from casual to upscale.
Grocery prices vary significantly, with essentials like milk and bread being relatively affordable, while some fruits and vegetables can be more expensive.
Transportation costs are moderate, with gasoline prices being relatively low, but taxi fares can add up quickly.
Utilities are a significant expense, with internet and basic services contributing to monthly costs.
Conclusion
Overall, Peabody presents a balanced cost of living, with certain areas like dining and utilities being more costly.
Prospective residents should consider these factors when planning their budget, especially if they are moving from a different region with different cost structures.