Peabody cost of living score 131.5 More expensive 31.5% higher than the US average 3.1% higher than the Massachusetts average Peabody (zip 01960), Massachusetts gets a BestPlaces Cost of Living score of 131.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 31.5% higher than the U.S. average and 3.1% lower than the average for Massachusetts.