Businesses for Sale | Peabody, Massachusetts
Discover business opportunities, in or around Peabody, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Peabody, located in The Bay State had a total population of 52,990 people.
City Statistics and Other Information About Peabody
Demographics
From a total population of 52,990, Peabody has a median age of 44. The average age of males, in Peabody, is 42 while the average age of females is 46. When you compare the median age of men and women in Peabody, there is an average difference of 3.6 years.
Income
The median income of individuals, in Peabody, is $55,043 while the average household income is $95,251. In 2029, the average income per capita for Peabody is expected to be $55,043.
Additional Information
01960 - 01961Essex County
Is Peabody the Best Location for Franchise Opportunities and Growth?
What is the average income in Peabody?
The median household income in Peabody is $95,251, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Peabody an affordable place to start a franchise?
With a median income of $95,251, Peabody presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Peabody's income compare to other locations?
The median income of $95,251 in Peabody is above the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Peabody have a stable workforce to support my business?
Absolutely! With 14,118 employed individuals, Peabody offers a solid labor force to support franchise growth.
Is Peabody a growing economy?
With a workforce of 14,118 and a median household income of $95,251, Peabody provides a stable economic environment for new business opportunities.
Does homeownership in Peabody indicate a stable market?
Homeownership rates at 14,037 show a strong local investment in the community, which benefits long-term franchise success.
