Can A Bus Driver Afford Rent in Peabody, MA?
Rent-burdened — rent takes 56.1% of gross income.
Peabody rent: June 2026. Salary: BLS OEWS May 2024 (Massachusetts state estimate).
About rent and a bus driver salary
Transit bus driver pay sits near the US median household income, with municipal and unionized routes often paying more. At the national-average bus driver salary, the 30% rule supports about $1,296 a month in rent.
Cheaper rent nearby
These Massachusetts cities have lower median rent than Peabody, which improves the affordability math on a bus driver salary:
Compare with full rent data for Peabody
View full rent data for Peabody, MA →Frequently asked questions
Can a bus driver afford rent in Peabody, MA?
Median rent in Peabody is $2,812 a month. A typical bus driver in Massachusetts earns about $60,111 a year, which makes that rent 56.1% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.
How much rent can a bus driver afford in Peabody?
Using the 30% rule, a bus driver salary in Massachusetts (~$60,111/yr) supports up to $1,503 a month in rent. Peabody's current median rent is $2,812/mo, which is $1,309/mo over the affordability threshold.
How many hours does a bus driver work to cover rent in Peabody?
At an hourly equivalent of about $29 an hour, a bus driver in Massachusetts works roughly 97.3 hours a month to cover Peabody's median rent of $2,812.
Where is rent cheaper than Peabody for a bus driver?
Nearby Massachusetts cities with lower median rent include Danvers ($2,811/mo), Sharon ($2,809/mo), Hanover ($2,809/mo). Each shifts the affordability math materially on a bus driver salary.