ZIP Code 01960: Population, Income, Housing

State: MA

Total population: 54,474 Household income: $96,501 Rent: $1,950

Overview

Total population

54,474

Rent

$1,950

Year built

1966

Household income

$96,501

Per capita income

$50,850

Poverty rate

7.7%

Unemployment rate

N/A

Household size

2.4 persons

Rent over 30% of income

54.8%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State

Massachusetts

County

Essex County

City

Peabody

Total population

54,474

Adults over 25

40,486

Total households

22,242

Household size

2.4 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Income & Poverty

Household income

$96,501

Per capita income

$50,850

Poverty rate

7.7%

Unemployment rate

N/A

Rent over 30% of income

54.8%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Housing

Rent

$1,950

Year built

1966

Households that rent

34.6%

Households that own

65.4%

Rooms per home (all homes)

5.5

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Race

White

75.2%

Black

4.7%

Asian

2.5%

Two or more races

12.7%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Ethnicity

Hispanic or Latino

14.6%

Not Hispanic or Latino

85.4%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Commute

Commute rate

24,377 (89.7%)

Commute time to work

26 mins

Work from home

2,787 (10.3%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Education

Less than high school

23.6%

High school graduate or GED

29.9%

Some college or associate degree

11.6%

Bachelor’s degree or higher

34.9%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Comparison of ZIP Code 01960 with: Essex County, MA Peabody, MA Boston metro area, MA-NH Massachusetts United States

ZIP 01960

Total population54,474

Rent$1,950

Year built1966

Household income$96,501

Per capita income$50,850

Poverty rate7.7%

Unemployment rateN/A

Essex County, MA

Total population813,054

Rent$1,756

Year built1960

Household income$101,883

Per capita income$54,665

Poverty rate9.4%

Unemployment rate4.2%

Peabody, MA

Total population54,695

Rent$1,950

Year built1966

Household income$96,657

Per capita income$51,060

Poverty rate7.7%

Unemployment rate4%

Boston Metro Area, MA-NH

Total population4,953,354

Rent$2,023

Year built1964

Household income$115,863

Per capita income$63,282

Poverty rate8.9%

Unemployment rate3.7%

Massachusetts State

Total population7,044,056

Rent$1,762

Year built1964

Household income$103,960

Per capita income$57,897

Poverty rate10%

Unemployment rate4%

United States

Total population334,922,499

Rent$1,413

Year built1980

Household income$80,734

Per capita income$44,673

Poverty rate12.5%

Unemployment rate4%

Metric	ZIP01960	CountyEssex, MA	CityPeabody, MA	Metro AreaBoston metro area, MA-NH	StateMassachusetts	CountryUnited States
Total population	54,474	813,054	54,695	4,953,354	7,044,056	334,922,499
Rent	$1,950	$1,756	$1,950	$2,023	$1,762	$1,413
Year built	1966	1960	1966	1964	1964	1980
Household income	$96,501	$101,883	$96,657	$115,863	$103,960	$80,734
Per capita income	$50,850	$54,665	$51,060	$63,282	$57,897	$44,673
Poverty rate	7.7%	9.4%	7.7%	8.9%	10%	12.5%
Unemployment rate	N/A	4.2%	4%	3.7%	4%	4%

View the full multi-level comparison →

Summary for 01960

Rent & Income

In 01960, the typical monthly rent is $1,950 and the typical household income is $96,501. Rent here is similar to Peabody and higher than Massachusetts, and household income is similar to Peabody and lower than Massachusetts. The estimated poverty rate is 7.7%, which is similar to the Peabody rate and lower than the Massachusetts rate.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 34.6% of households. About 54.8% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is moderate, with about 34.9% of adults holding a bachelor’s degree or higher.

ZIP 01960 — Rent vs Household Income

ZIP 01960 — Poverty

How ZIP 01960 compares in Massachusetts (62 ZIP Codes)

Metric	This ZIP	Rank	Starts from	State range
Rent	$1,950	34 / 62	from lower rent	$1,021 – $2,873
Household income	$96,501	30 / 62	from higher income	$48,415 – $172,606
Poverty rate	7.7%	12 / 62	from lower poverty	2.9% – 30.5%

Rankings are calculated among ZIP Codes in Massachusetts with total population > 30,000 (year 2024).

Detailed Ranking Explanation for ZIP Code 01960

Rent

When it comes to rent, ZIP Code 01960 ranks 34th out of 62 ZIP Codes in Massachusetts. Statewide, values range from $1,021 in ZIP 01040 up to $2,873 in ZIP 02446.

Household income

Income-wise, this area is placed 30th out of 62 ZIP Codes. Across Massachusetts, figures vary from $48,415 in ZIP 01109 up to $172,606 in ZIP 01810.

Poverty rate

When it comes to poverty, ZIP Code 01960 places 12th out of 62 ZIP Codes. Throughout Massachusetts, numbers span from 2.9% in ZIP 01810 up to 30.5% in ZIP 01610.

💰 Rent in ZIP Code 01960 (with Utilities)

Estimated Monthly Rent: $1,950 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 01960

Annual Household Income: $96,501

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 01960

Estimated Rate: 7.7%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 01960

In ZIP Code 01960, households that rent: 7,702 (34.6%)

📊 What does the renter household percentage reveal about this ZIP Code?

Household Type	Count	Share
Renter-Occupied	7,702	34.6%
Owner-Occupied	14,540	65.4%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 01960

In ZIP Code 01960, cost-burdened renters (households spending over 30% of income on housing): 4,220 (54.8%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?

Household Group	Households	Share
Cost-burdened renters (over 30%)	4,220	54.8%
Other renter households	3,482	45.2%
Total renter households	7,702	100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 01960

Less than High School: 9,566 people (23.6%)

Includes adults who did not complete high school.

High School Graduate or GED: 12,092 people (29.9%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 4,704 people (11.6%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 14,124 people (34.9%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 40,486

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.