Government budget and revenue in Peabody, Massachusetts: official figures
Peabody's city government took in $334.92 million in total revenue in the fiscal year ended 30 June 2024, or $6,214 for each of its 53,896 residents (2024 figure in the finance file); per resident that is the 55th highest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey.
How much does Peabody spend and on what?
It spent $421.98 million in the same year, $7,830 per resident, the 31st highest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey. The largest identified functions were elementary and secondary schools (36.7%), the electric utility (16.1%) and the water utility (5.9%) of the total.
Source: U.S. Census Bureau · saved copyHow much tax does Peabody collect per resident?
Taxes raised $141.24 million ($2,621 per resident, the 35th highest of 582) in the fiscal year ended 30 June 2024, 60.8% of general revenue, compared with 49.3% for all US city governments combined in 2022.
Source: U.S. Census Bureau · saved copyWhat taxes does Peabody rely on?
Of Peabody's tax revenue in the fiscal year ended 30 June 2024, property tax made up 93.8%, selective sales taxes (on utilities, fuel, alcohol, tobacco, hotels and others) 3.0%. Across all US city governments in 2022, property tax made up 48.1% and general sales tax 19.8%; Peabody's property tax share is the 71st highest of 580 US cities of 50,000 or more with reported figures in the 2024 Census survey.
Source: U.S. Census Bureau · saved copyHow much federal and state money does Peabody get?
Payments from other governments made up 34.0% of Peabody's city government's general revenue in the fiscal year ended 30 June 2024: 6.5% from the federal government ($280 per resident), 27.4% from the state. For all US city governments in 2022 the aid share was 24.3%.
Source: U.S. Census Bureau · saved copyHow much does Peabody raise from fees and utilities?
Fees and charges for services such as sewerage, trash, parks and airports brought in $9.43 million, 4.1% of general revenue (all US city governments in 2022: 20.0%). Revenue of government-owned utilities (water, electricity, gas or transit) added $102.68 million.
Source: U.S. Census Bureau · saved copyHow much does Peabody spend on police?
Peabody's city government spent $14.85 million on police in the fiscal year ended 30 June 2024, $275 per resident (the 139th lowest of 582) and 3.5% of its total spending; police took 10.3% of spending across all US city governments in 2022.
Source: U.S. Census Bureau · saved copyHow much does Peabody spend on fire protection?
Fire protection cost $15.94 million, $296 per resident, in the fiscal year ended 30 June 2024.
Source: U.S. Census Bureau · saved copyDoes Peabody city government run the schools?
Peabody's city government also pays for public schools: elementary and secondary education took $154.93 million, 36.7% of its spending in the fiscal year ended 30 June 2024, which in most US cities is spent by a separate school district instead.
Source: U.S. Census Bureau · saved copyHow much debt does Peabody have?
At the end of the fiscal year ended 30 June 2024, Peabody's city government owed $118.97 million in long-term debt, $2,207 per resident (the 288th lowest of 582). During the year it issued $27.45 million of new long-term debt and repaid $7.77 million.
Source: U.S. Census Bureau · saved copyHow much does Peabody pay in interest on its debt?
Interest on debt cost $3.65 million in the fiscal year ended 30 June 2024, 0.9% of total spending.
Source: U.S. Census Bureau · saved copyHow has the Peabody city budget changed?
Between the Census survey years 2022 and 2024 (not adjusted for inflation), total revenue per resident rose 10.9% from $5,605 to $6,214, spending per resident rose 30.1% to $7,830, taxes per resident rose 7.9% to $2,621.
Source: U.S. Census Bureau · saved copyHow Peabody compares with other cities in the United States
City government total revenue per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Peabody ranks 65 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City government total revenue per resident, 2022 |
|---|---|---|
| 62 | Lawrence | $5,683 |
| 63 | Springfield | $5,667 |
| 64 | Lafayette | $5,636 |
| 65 | Peabody | $5,605 |
| 66 | Framingham | $5,580 |
| 67 | Fall River | $5,538 |
| 68 | Waterbury | $5,407 |
City government total spending per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Peabody ranks 53 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City government total spending per resident, 2022 |
|---|---|---|
| 50 | New Britain | $6,096 |
| 51 | Bryan | $6,096 |
| 52 | Roanoke | $6,044 |
| 53 | Peabody | $6,017 |
| 54 | Chicopee | $6,016 |
| 55 | Framingham | $5,995 |
| 56 | Seattle | $5,943 |
City taxes collected per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Peabody ranks 39 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City taxes collected per resident, 2022 |
|---|---|---|
| 36 | Hartford | $2,501 |
| 37 | Waterbury | $2,486 |
| 38 | Oakland | $2,431 |
| 39 | Peabody | $2,429 |
| 40 | White Plains | $2,427 |
| 41 | Celina | $2,425 |
| 42 | Birmingham | $2,422 |
City spending on police per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Peabody ranks 577 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City spending on police per resident, 2022 |
|---|---|---|
| 574 | Muncie | $233 |
| 575 | Kingsport | $233 |
| 576 | Wylie | $232 |
| 577 | Peabody | $232 |
| 578 | San Marcos | $232 |
| 579 | Citrus Heights | $232 |
| 580 | Marysville | $231 |
City long-term debt outstanding per resident, end of fiscal 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Peabody ranks 440 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City long-term debt outstanding per resident, end of fiscal 2022 |
|---|---|---|
| 437 | Euless | $1,530 |
| 438 | Sioux Falls | $1,528 |
| 439 | Duluth | $1,526 |
| 440 | Peabody | $1,507 |
| 441 | Wylie | $1,487 |
| 442 | Oceanside | $1,485 |
| 443 | Buffalo | $1,484 |
Property tax as a share of city tax revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Peabody ranks 80 of 730, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | Property tax as a share of city tax revenue, 2022 |
|---|---|---|
| 77 | Muncie | 94.0% |
| 78 | New Haven | 93.9% |
| 79 | Waukesha | 93.9% |
| 80 | Peabody | 93.9% |
| 81 | Anderson | 93.8% |
| 82 | Jersey City | 93.6% |
| 83 | Pocatello | 93.6% |
Federal, state and local aid as a share of city general revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Peabody ranks 100 of 730, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | Federal, state and local aid as a share of city general revenue, 2022 |
|---|---|---|
| 97 | La Crosse | 34.9% |
| 98 | Baltimore | 34.9% |
| 99 | Paterson | 34.7% |
| 100 | Peabody | 34.6% |
| 101 | Berwyn | 34.6% |
| 102 | Roswell | 34.5% |
| 103 | Aurora | 34.4% |
City government total revenue per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Peabody ranks 55 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City government total revenue per resident, 2024 |
|---|---|---|
| 52 | Buffalo | $6,252 |
| 53 | Everett | $6,233 |
| 54 | Long Beach | $6,231 |
| 55 | Peabody | $6,214 |
| 56 | Galveston | $6,183 |
| 57 | Santa Barbara | $6,155 |
| 58 | Suffolk | $6,117 |
City government total spending per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Peabody ranks 31 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City government total spending per resident, 2024 |
|---|---|---|
| 28 | Union City | $7,934 |
| 29 | Lansing | $7,896 |
| 30 | Denver | $7,841 |
| 31 | Peabody | $7,830 |
| 32 | Chattanooga | $7,740 |
| 33 | Newport News | $7,721 |
| 34 | Quincy | $7,661 |
City taxes collected per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Peabody ranks 35 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City taxes collected per resident, 2024 |
|---|---|---|
| 32 | Chesapeake | $2,694 |
| 33 | Hartford | $2,681 |
| 34 | Norfolk | $2,654 |
| 35 | Peabody | $2,621 |
| 36 | Newport News | $2,615 |
| 37 | Anchorage | $2,611 |
| 38 | Weymouth Town | $2,606 |
City spending on police per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Peabody ranks 444 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City spending on police per resident, 2024 |
|---|---|---|
| 441 | Chicopee | $278 |
| 442 | Augusta | $277 |
| 443 | Gallatin | $276 |
| 444 | Peabody | $275 |
| 445 | Marysville | $274 |
| 446 | Gulfport | $274 |
| 447 | Bozeman | $274 |
City long-term debt outstanding per resident, end of fiscal 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Peabody ranks 295 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City long-term debt outstanding per resident, end of fiscal 2024 |
|---|---|---|
| 292 | Rancho Cordova | $2,244 |
| 293 | Largo | $2,229 |
| 294 | South Bend | $2,228 |
| 295 | Peabody | $2,207 |
| 296 | Boulder | $2,202 |
| 297 | Columbus | $2,196 |
| 298 | Billings | $2,173 |
Property tax as a share of city tax revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Peabody ranks 71 of 580, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | Property tax as a share of city tax revenue, 2024 |
|---|---|---|
| 68 | Waltham | 94.2% |
| 69 | Royal Oak | 94.2% |
| 70 | Racine | 94.2% |
| 71 | Peabody | 93.8% |
| 72 | Appleton | 93.7% |
| 73 | Anderson | 93.7% |
| 74 | Pocatello | 93.6% |
Federal, state and local aid as a share of city general revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Peabody ranks 108 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | Federal, state and local aid as a share of city general revenue, 2024 |
|---|---|---|
| 105 | Pontiac | 34.2% |
| 106 | Plainfield | 34.1% |
| 107 | Augusta | 34.1% |
| 108 | Peabody | 34.0% |
| 109 | Philadelphia | 33.8% |
| 110 | Wheaton | 33.7% |
| 111 | Athens | 33.6% |
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Sources
- U.S. Census Bureau: 2024 Annual Survey of State and Local Government Finances, individual unit files (item amounts for every sampled government, directory with population and fiscal year end, state estimates by type of government), read 23 October 2026 · saved copy (SHA-256 0967c4d30466…)
- U.S. Census Bureau: 2022 Census of Governments: State and Local Government Finances, individual unit files (item amounts for every government, directory with population and fiscal year end, state estimates by type of government), read 23 October 2026 · saved copy (SHA-256 c8de889f6b33…)
Each saved copy is the file exactly as downloaded, kept so the figures can be checked even if the source changes. Report an error.