ZIP Code Tabulation Area

01960

Peabody, MA · ACS 2020–2024

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Latest estimates

At a glance

U.S. Census Bureau American Community Survey 5-year estimates.

Total population
54,474
Median household income
$96,501
People below poverty
7.7%
Median home value
$596,700

Income

The median income of households in 01960 was $96,501. An estimated 4.3% of households had income below $10,000 a year and 17% had income of $200,000 or more.

Household Income in 01960 in 2020-2024

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Percent
Less than $10,000 4.3
$10,000 to $14,999 3.5
$15,000 to $24,999 5.5
$25,000 to $34,999 7
$35,000 to $49,999 6.5
$50,000 to $74,999 12.1
$75,000 to $99,999 13.2
$100,000 to $149,999 16.9
$150,000 to $199,999 14
$200,000 or more 17

Median Earnings for Full-Time Year-Round Workers by Sex in 01960 in 2020-2024

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Dollars
Male 84473
Female 68248

An estimated 73.2% of households received earnings. An estimated 41.6% of households received Social Security and an estimated 30.1 % of households received retirement income other than Social Security. The average income from Social Security was $23,765. These income sources are not mutually exclusive; that is, some households received income from more than one source.

Proportion of Households with Various Income Sources in 01960 in 2020-2024

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Percent
Earnings 73.2
Social Security 41.6
Retirement income 30.1
Supplemental Security Income (SSI) 5
Cash public assistance income 3

Poverty and Participation in Government Programs

In 2020-2024, 7.7 % of people were in poverty. An estimated 6.2% of children under 18 were below the poverty level, compared with 9.2% of people 65 years old and over. An estimated 7.5% of people 18 to 64 years were below the poverty level.

Poverty Rates in 01960 in 2020-2024

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Percent
People in poverty 7.7
Children under 18 years below poverty 6.2
People 65 years old and over below poverty 9.2
People 18 to 64 years below poverty 7.5

In 2020-2024, 10.9 % of households received SNAP (the Supplemental Nutrition Assistance Program). An estimated 41.1% of households that received SNAP had children under 18, and 45.1% of households that received SNAP had one or more people 60 years and over. An estimated 29.7% of all households receiving SNAP were families with a female householder and no spouse present.


Among the civilian noninstitutionalized population in 01960 in 2020-2024, 97.6% had health insurance coverage and 2.4% did not have health insurance coverage. Private coverage was 74% and public coverage was 41.3%, respectively. The percentage of children under the age of 19 with no health insurance coverage was 1.7%.


In 2020-2024, 01960 had a total population of 54,474 - 28,311 (52%) females and 26,163 (48%) males. The median age was 45.2 years. An estimated 18.8% of the population was under 18 years, 28.9% was 19 to 44 years, 25.9% was 45 to 64 years, and 24.2 % was 65 years and older.

Population by Age and Sex for 01960 in 2020-2024

Male Female
Under 5 1404 1483
5 to 9 1646 1424
10 to 14 1242 1529
15 to 19 1633 1066
20 to 24 1292 1269
25 to 29 1275 1543
30 to 34 1846 1630
35 to 39 1557 1713
40 to 44 1848 1766
45 to 49 1082 1408
50 to 54 1960 1610
55 to 59 1931 2181
60 to 64 1996 1968
65 to 69 1886 1825
70 to 74 1279 1560
75 to 79 833 1400
80 to 84 532 841
85 and over 921 2095

Hispanic Origin and Race

For people reporting one race alone, 75.2% were White; 4.7% were Black or African American; 3.7% were American Indian and Alaska Native; 2.5% were Asian; 1.3% were Native Hawaiian and Other Pacific Islander, and 0% were Some Other Race. An estimated 12.7% reported Two or More Races. An estimated 14.6% of the people in 01960 were Hispanic or Latino. An estimated 72.4% of the people in 01960 were White alone, non-Hispanic. People of Hispanic origin may be of any race.


Households and Families

In 2020-2024, there were 22,242 households in 01960. The average household size was 2.42 people.

Married-couple households made up 45.8% of the households in 01960 while cohabiting couple households made up 6.8% of households. Female householders with no spouse or partner present were 30.9% of all households, while 16.5% of households had male householders with no spouse or partner present. Some households had one person, as 11% of households were male householders living alone, and 20.4% were female householders living alone, for a total of 31.4% of all households.

In 01960, 25.1% of all households had one or more people under the age of 18; 44.2% of all households had one or more people 65 years and over.

Types of Households in 01960 in 2020-2024

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Percent
Married-couple households 45.8
Cohabiting Couples 6.8
Male Householder
No spouse/partner present
16.5
Female Householder
No spouse/partner present
30.9

Marital Status

Among persons 15 and older, 52% of males and 44.3% of females were currently married.

Population 15 years and over Percent
Males
Percent
Females
Never married 33.8 27.4
Now married, except separated 52 44.3
Separated 0.8 1.6
Widowed 3.6 14.1
Divorced 9.7 12.7

Grandparents and Grandchildren

In 01960, 1,350 grandparents lived with their grandchildren under 18 years old. Of those grandparents, 10.9% were responsible for the basic needs of their grandchildren.


Nativity and Foreign-Born

In 2020-2024, an estimated 82.6% of the people living in 01960 were U.S. natives. 70.2% of the 01960 population were living in the state where they were born.

Approximately 17.4% of 01960 residents in 2020-2024 were foreign-born. 63% of foreign-born were naturalized U.S. citizens and an estimated 70.1 % entered the country before the year 2010.

Foreign-born residents of 01960 come from different parts of the world. The bar graph below displays the percentage of foreign-born from each world region of birth in 2020-2024 for 01960.

Region of Birth for the Foreign-Born Population in 01960 in 2020-2024

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Percent
Latin America 47.8
Asia 11.4
Europe 29.2
Africa 9.5
Northern America 2.2
Oceania 0

Language

Among people at least five years old living in 01960 in 2020-2024, 23.8 % spoke a language other than English at home. Spanish was spoken by 9.3% of people at least five years old; 10% reported that they did not speak English "very well."

Percentage of the Population 5 years and over who Speak a Language other than English in 01960 in 2020-2024

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Percent
Spanish 9.3
Other Indo-European languages 11.7
Asian and Pacific Islander languages 1.9
Other languages 1

Geographic Mobility

In 2020-2024, 89.4 % of the people at least one year old living in 01960 were living in the same house one year earlier.

Geographic Mobility of Residents of 01960 in 2020-2024

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Percent
Same house 89.4
Different house, same county 6.8
Different county, same state 2
Different state 1.2
Abroad 0.7

Education

In 2020-2024, 90.2 % of people 25 years and over had at least graduated from high school and 34.9% had a bachelor's degree or higher. An estimated 9.8% did not complete high school.

The total school enrollment in 01960 was 10,556 in 2020-2024. Nursery school enrollment was 550 and kindergarten through 12th grade enrollment was 7,621. College or graduate school enrollment was 2,385.

Educational Attainment of People in 01960 in 2020-2024

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Percent
Less than high school diploma 9.8
High school diploma or equivalency 29.9
Some college, no degree 15.9
Associate's degree 9.6
Bachelor's degree 22.5
Graduate or professional degree 12.3

Disability

In 01960, among the civilian noninstitutionalized population in 2020-2024, 16.2 % reported a disability. The likelihood of having a disability varied by age - from 6.4% of people under 18 years old, to 10.8% of people 18 to 64 years old, and to 37.3% of those 65 and over.


Employment Status and Type of Employer

In 01960, 62 % of the population 16 and over were employed; 34.8% were not currently in the labor force.

An estimated 79.5% of the people employed were private wage and salary workers; 15.9% were federal, state, or local government workers; and 4.2 % were self-employed in their own (not incorporated) business.

Class of worker Number Percent
Private wage and salary workers 22,304 79.5
Federal, state, or local government workers 4,455 15.9
Self-employed workers in own not incorporated business 1,176 4.2

Industries

In 2020-2024, the civilian employed population 16 years and older in 01960 worked in the following industries:

Percent by Industry in 01960 in 2020-2024

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Percent
Agriculture, forestry, fishing and hunting, and mining 0.2
Construction 5.6
Manufacturing 8.9
Wholesale trade 2.4
Retail trade 10.5
Transportation and warehousing, and utilities 5.3
Information 1.4
Finance and insurance, and real estate and rental and leasing 7.3
Professional, scientific, and management, and administrative and waste management services 11.9
Educational services, and health care and social assistance 25.7
Arts, entertainment, and recreation, and accommodation, and food services 7.6
Other Services, except public administration 6.2
Public administration 7.2

Occupations

Occupations for the Civilian Employed Population 16 Years and over in 01960 in 2020-2024

Civilian employed population 16 years and over Number Percent
Management, business, sciences, and arts occupations 11,240 40.1
Service occupations 5,045 18
Sales and office occupations 6,837 24.4
Natural resources, construction, and maintenance occupations 1,880 6.7
Production, transportation, and material moving occupations 3,047 10.9

Commuting to Work

An estimated 77.4% of 01960 workers drove to work alone in 2020-2024, and 7% carpooled. Among those who commuted to work, it took them on average 25.8 minutes to get to work.

Percent of Workers 16 and over Commuting by Mode in 01960 in 2020-2024

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Percent
Car, truck, van -- drove alone 77.4
Car, truck, van -- carpooled 7
Public transportation (excluding taxicab) 1.9
Walked 1
Other means 2.4
Worked from home 10.3

In 2020-2024, 01960 had a total of 22,863 housing units. Of these housing units, 56% were single-family houses either not attached to any other structure or attached to one or more structures (commonly referred to as "townhouses" or "row houses"). 41.7% of the housing units were located in multi-unit structures, or those buildings that contained two or more apartments. 2.4% were mobile homes, while any remaining housing units were classified as "other," which included boats, recreational vehicles, vans, etc.

Types of Housing Units in 01960 in 2020-2024

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Percent
Single-family houses 56
Apartments in multi-unit structures 41.7
Mobile homes 2.4
Boat, RV, van, etc 0

3% of the housing inventory was comprised of houses built since 2010, while 22% of the houses were first built in 1939 or earlier. The median number of rooms in all housing units in 01960 was 5.5 rooms, and of these housing units 52.5% had three or more bedrooms.


In 2020-2024, 01960 had 22,242 housing units that were occupied or had people living in them, while the remaining 621 were vacant. Of the occupied housing units, the percentage of these houses occupied by owners (also known as the homeownership rate) was 65.4% while renters occupied 34.6%. The average household size of owner-occupied houses was 2.64 and in renter-occupied houses it was 2.

4% of householders of these occupied houses had moved into their house since 2021, while 14.7% moved into their house in 1989 or earlier. Households without a vehicle available for personal use comprised 8.6% and another 20.1% had three or more vehicles available for use.

The following chart provides the primary fuel used to heat houses in 01960:

House Heating Fuel Used in 01960 in 2020-2024

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Percent
Gas 54.1
Electricity 19.2
Fuel oil, kerosene, etc 24.2
All other fuels 1.4
No fuel used 1.2

In 2020-2024, the median property value for owner-occupied houses in 01960 was $596,700.

Of the owner-occupied households, 65.6 % had a mortgage. 34.4% owned their houses "free and clear," that is without a primary mortgage or loan on the house. The median monthly housing costs for owners with a mortgage was $2,591 and for owners without a mortgage it was $823.

For renter-occupied houses, the median gross rent for 01960 was $1,950. Gross rent includes the monthly contract rent and any monthly payments made for electricity, gas, water and sewer, and any other fuels to heat the house.