With data compiled from reliable public sources and government organizations like the Bureau of Labor Statistics and the U.S. Census Bureau, Joblift provides you with essential insights to help you in your job search in Peabody, MA.
Peabody, a city known for its diverse industries, primarily thrives in technology, healthcare, and financial services sectors. The tech industry offers various opportunities from software development to IT support roles, while the healthcare sector encompasses hospitals, medical centers, and research facilities. Financial institutions also contribute to the city's economic stability with banks, insurance companies, and investment firms playing key roles. By prioritizing clarity and precision, jobseekers exploring Peabody can confidently pursue rewarding careers in these flourishing industries.
In the city, the employment landscape presents several factors worth considering for jobseekers. With an average salary of $78,525, earnings are 13.43% higher than the national average, reflecting a strong workforce in the area. Alongside this financial advantage, a notable 51% of individuals have insurance provided by their employer, contributing to overall well-being and security. However, it is crucial to account for the cost of living, which stands at 31.0% above the average, potentially impacting disposable income. Additionally, residents experience an average commute time of 27.5 minutes, which may influence work-life balance. Overall, the city offers potential benefits for those seeking new career opportunities but also poses challenges that warrant careful evaluation.
In Peabody, MA, the local economy currently experiences an unemployment rate of 6.50%, which is above the country's average of 3.8%. Despite this higher unemployment rate, the city is projected to have robust future job market growth. This indicates a promising outlook for job seekers considering opportunities in Peabody, as the employment landscape continues to expand and diversify with time.
Peabody offers a diverse job market with opportunities for people with various skills and experience levels. Find the perfect match for your qualifications by searching for jobs in Peabody on Joblift, which provides advanced search options and a helpful Job Coach tool to assist you in your career journey.