01 - Taxes
Retirement Tax Treatment
Massachusetts taxes income but leaves Social Security benefits untouched, which matters for retirees drawing on those payments.
Source · Tax Foundation
8
Fact text
- Peabody's high school mascot is literally 'The Tanners', a nod to the city's former glory days as a booming leather industry capital.
- The city was renamed in 1868 after George Peabody, a native son so generous with his wealth he's called the 'father of modern philanthropy.'
- A tragedy in 1915 led Peabody to become the first U.S. city to require all public building doors to push open, a safety law that spread nationwide.
- The Northshore Mall, one of the region's largest, was built on farmland once owned by Elias Hasket Derby, one of America's very first millionaires.
- Sneaker brand Saucony is among Peabody's notable employers, so the Leather City kept its footwear connection long after the tanneries closed.
Your
Peabody
Retirement Outlook — in 90 seconds
Hosted by Michael McMillan, President of Annuities.net
Every figure mentioned is drawn from the same sourced public data shown below — and the video updates as the data does.
53004
+
Total Population
$
80681
Median Income
$
419500
Median Home
23
%
Age 65+
Retirement Suitability
How
Peabody
ranks for retirees?
19
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
8
Affordability
23
Healthcare
29
Climate
11
Results
Peabody
Suitability Breakdown
02 - Income
Annuity Rates Available Here
Fixed annuity rates reach up to
7
% on 5-year terms, with most landing between
5
% and
5
%.
Source · Cannex
23
03 - Healthcare
Hospital Access & Quality
The area has
5
Medicare-certified hospitals, averaging a
3
/5 CMS quality rating.
Source · CMS Hospital Compare
3
04 - Climate
Weather & Comfort
A
Cold / Snowy
climate — summers peak near
79
°F, winters dip to about
21
°F, with roughly
40
″ of snow a year.
Source · NOAA Climate Normals
Cold / Snowy
05 - Risk
Natural Disaster Risk
FEMA's overall natural-disaster risk rating for this county on the National Risk Index.
Source · FEMA National Risk Index
Relatively High
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