Can A Carpenter Afford Rent in Peabody, MA?
Rent-burdened — rent takes 47.7% of gross income.
Peabody rent: June 2026. Salary: BLS OEWS May 2024 (Massachusetts state estimate).
About rent and a carpenter salary
Carpenter pay sits modestly above the US median household income and covers comfortable rent in most lower- and mid-cost metros. Union carpenters in high-cost cities often earn well above the BLS mean. At the national-average carpenter salary, the 30% rule supports about $1,524 a month in rent.
Cheaper rent nearby
These Massachusetts cities have lower median rent than Peabody, which improves the affordability math on a carpenter salary:
Compare with full rent data for Peabody
View full rent data for Peabody, MA →Frequently asked questions
Can a carpenter afford rent in Peabody, MA?
Median rent in Peabody is $2,812 a month. A typical carpenter in Massachusetts earns about $70,690 a year, which makes that rent 47.7% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.
How much rent can a carpenter afford in Peabody?
Using the 30% rule, a carpenter salary in Massachusetts (~$70,690/yr) supports up to $1,767 a month in rent. Peabody's current median rent is $2,812/mo, which is $1,045/mo over the affordability threshold.
How many hours does a carpenter work to cover rent in Peabody?
At an hourly equivalent of about $34 an hour, a carpenter in Massachusetts works roughly 82.7 hours a month to cover Peabody's median rent of $2,812.
Where is rent cheaper than Peabody for a carpenter?
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 carpenter salary.