Is Denver, CO cheaper than Peabody, MA?

Based on cost of living data, Denver, CO is 21.9% cheaper than Peabody, MA. This translates to saving $1640 per month.

What salary do I need in Denver, CO to live like I do in Peabody, MA?

If you earn $150,000 in Peabody, MA, you'd need approximately $130,320.816 in Denver, CO to maintain the same standard of living.

How does housing cost compare between Peabody, MA and Denver, CO?

Housing in Denver, CO is 27.6% cheaper than in Peabody, MA. For a two-bedroom apartment, rent is $2,190/month in Denver, CO compared to $2,056/month in Peabody, MA.

How much can I save per month by moving from Peabody, MA to Denver, CO?

Moving from Peabody, MA to Denver, CO could save you approximately $1640 per month, or $19679 per year, based on a $150,000 salary.

Peabody, MA vs Denver, CO: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Peabody, MA — ZIP-level rent data · COL adjusted from Boston, MA area

Current salary in Peabody, MA

Numbers update automatically as you type

You'd save $1.6K/month moving to Denver, CO

$150.0K in your current city equals $130.3K in Denver, CO

Rent data from HUD ZIP-level estimates · COL index from Boston-Cambridge-Newton, MA-NH area

Overall Cost

↓ 21.9%

Less expensive

Monthly Impact

$1,640

Savings

Annual Impact

$19.7K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Peabody, MA

Population:54K

Cost Index:100

Median Home:$677K

Denver, CO

Population:716K

Cost Index:78

Median Home:$513K

Peabody, MA

The Bay State

54K

Population

State Tax

Yes

Located in Massachusetts, this city has a population of 54K residents.

Denver, CO

The Centennial State

716K

Population

State Tax

Yes

Climate

Semi-arid

Notable Facts

•Mile-high city (5,280 ft)
•Outdoor recreation hub
•Major cannabis market

Major Industries

AerospaceTechnologyEnergyTourism

Cost Breakdown by Category

Annual spending: Peabody, MA vs Denver, CO

Category	Peabody, MA	Denver, CO	Difference	Change
🏠Housing	$4,486/mo	$3,248/mo	↓ $1,238less	27.6%
🚗Transportation	$1,729/mo	$1,462/mo	↓ $268less	15.5%
⚡All Utilities	$696/mo	$519/mo	↓ $177less	25.4%
🏥Healthcare	$723/mo	$632/mo	↓ $90.73less	12.6%
📦Other	$1,724/mo	$1,774/mo	↑ $50.40more	2.9%
🛒Groceries	$1,049/mo	$1,029/mo	↓ $19.78less	1.9%

🏠Housing

↓ 27.6%

Peabody, MA

$4,486

Denver, CO

$3,248

Difference

$1,238

less

🚗Transportation

↓ 15.5%

Peabody, MA

$1,729

Denver, CO

$1,462

Difference

$268

less

⚡All Utilities

↓ 25.4%

Peabody, MA

$696

Denver, CO

$519

Difference

$177

less

🏥Healthcare

↓ 12.6%

Peabody, MA

$723

Denver, CO

$632

Difference

$90.73

less

📦Other

↑ 2.9%

Peabody, MA

$1,724

Denver, CO

$1,774

Difference

$50.40

🛒Groceries

↓ 1.9%

Peabody, MA

$1,049

Denver, CO

$1,029

Difference

$19.78

less

🏛️ Local Income Taxes

Denver, CO: Denver Head Tax ($5.75/mo, negligible)$69.00/yr (0.0%)

Peabody, MA has no local income tax.

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

🏠Rent Comparison

Studio

From$1,638

To$1,720

↑ $82.00

1 Bed

From$1,735

To$1,840

↑ $105

2 Bed

From$2,056

To$2,190

↑ $134

3 Bed

From$2,474

To$2,870

↑ $396

Peabody, MAZIP-level data

1BR range: $2,160–$2,160/mo

Denver, COZIP-level data

1BR range: $1,620–$2,540/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$10,407

Monthly in Peabody, MA

$8,665

Monthly in Denver, CO

$1,742

Difference

Home Values

Peabody

Denver

$677K

Median Value

$513K

↑ +1.2%

YoY Change

↓ -4.2%

↑ +29.9%

5-Year Change

↑ +13%

$677K

Price Range

$352K - $933K

Homes in Denver are 24% less expensive than Peabody

Calculate payment - Peabody Calculate payment - Denver

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $900

Per year

Monthly Difference

$75.00

More take-home

Effective Rate Diff

0.6%

Rate difference

Peabody, MA

Federal Income Tax

Effective: 18.9%

$25.5K

Massachusetts State Tax

Effective: 5.0%

$7.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.7%

$44.5K

Take-Home Pay

$8,791/month

$105.5K

Denver, CO

Federal Income Tax

Effective: 18.9%

$25.5K

Colorado State Tax

Effective: 4.4%

$6.6K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.1%

$43.6K

Take-Home Pay

$8,866/month

$106.4K

Additional Tax Information

Peabody, MA Tax Rates

Sales Tax:6.3%

Property Tax:1.2%

Denver, CO Tax Rates

Sales Tax:7.8%

Property Tax:0.5%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.