Personal loans in Peabody, MA

If debt is already a strain, a nonprofit credit counsellor can help Peabody residents before they take on more. About 54,056 people live in Peabody, placing it 23rd of 54 Census places in Massachusetts. State law, rather than federal rules alone, supplies the rate caps and licensing rules that reach Peabody's 54,056 residents. From the 2020 Census base to the 2023 estimate, the population declined by about 0.8%. For a bigger market, look to Lynn, MA about 4 miles away.

Peabody by the numbers

Here is the sourced Census picture for Peabody, plus the Massachusetts lending rules that apply to a loan taken out here.

• Population: the Census counts 54,056 residents in Peabody (Vintage 2023 subcounty estimate), the 23rd-largest figure among Massachusetts's 54 places.
• Population trend: Lower by roughly 0.8% since the 2020 count.
• Absolute change: 436 residents lost between 2020 and 2023.
• Size percentile: about 57% of Massachusetts's Census places are smaller than Peabody.
• Density: the Census land area of 16.2 sq mi holds about 3,329 people per square mile.
• Land area: Peabody covers 16.2 square miles, the 35th-largest area among Massachusetts's 54 places.
• Water: Peabody holds about 0.57 square miles, the 37th-largest water area in Massachusetts.
• State share: roughly 1.5% of Massachusetts's residents live in Peabody (54,056 people).
• Nationally: Peabody is the 738th-largest of 19,457 Census places in the dataset.
• Growth rank: Peabody's 2020-to-2023 change ranks 30th of 54 places in Massachusetts.
• State comparison: Massachusetts's places average -0.7% for 2020-to-2023, against Peabody's 0.8%.
• Density rank: Peabody places 24th among Massachusetts's places by people per square mile.
• Density in context: Peabody's 3,329 people per square mile sit against a Massachusetts median of 2,833.
• Location: 42.5343, -70.9694 (US Census Bureau Gazetteer).
• Nearest larger cities: Lynn (4 mi); Revere (8 mi); Malden (9 mi); Medford (10 mi); Somerville (12 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
• Smaller communities within reach: Salem (4 mi); Beverly (7 mi); Melrose (7 mi).
• Within a 50-mile radius: 23 smaller Census places.
• Larger places within 100 miles: 29.

How Massachusetts law applies in Peabody

Below are the Massachusetts rules that apply to a loan made in Peabody, each with the regulator that issued it.

Peabody against the rest of Massachusetts

Within Massachusetts, Peabody holds roughly 1.5% of all residents, the 23rd-largest share among 54 places. On the 2020-to-2023 trend, Peabody stands 30th among Massachusetts's 54 places — roughly the 44th percentile. At about 3,329 people per square mile, Peabody is the 24th most densely settled place in Massachusetts. In land area, Peabody ranks 35th among Massachusetts's 54 places.

Lender access in Peabody

Peabody is fairly dense, with about 3,329 people per square mile and 20 larger places within 50 miles. Lenders licensed in Massachusetts reach Peabody's 54,056 residents online, so the nearest branch is not what sets your APR. The nearest bigger place is Lynn, MA about 4 miles away.

How a Peabody personal loan is priced

Most loans made to Peabody's 54,056 residents are unsecured, so nothing is pledged and the lender relies on your credit history. Two numbers drive a Peabody loan: the APR, which includes fees, and the term, which decides how long you keep paying. Because the payment is fixed, the total cost of a Peabody loan is knowable in advance — unlike a revolving card balance.

Where Peabody sits

The Census Gazetteer records 16.2 square miles of land and 0.57 square miles of water within Peabody. That land carries about 3,329 people per square mile. Boston, the largest place in Massachusetts, is about 14 miles from Peabody. Within 50 miles of Peabody there are 20 larger Census places. The 100-mile radius contains 29 larger places.