Mechanical Engineer Salary in Peabody, MA: $112,199 (2026)
Quick Answer:A full-time mechanical engineer in Peabody, MA earns a median $112,199/year (≈ $53.94/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 17-2141). Once you factor in Peabody's price level (9% above national, BEA RPP 108.5), that paycheck buys what $103,409 would nationally. Nominal pay sits 0.1% above the Massachusetts state average.
Based on BLS state-level estimates · View source
In 2026, the compensation landscape for mechanical engineers in Peabody, Massachusetts reveals a median annual salary of $112,199, which is slightly above the national figure of $107,150. This raises questions about total compensation when incorporating equity and RSUs from major employers like SpaceX, Tesla, and local consumer products firms, which have significantly influenced overall earnings in the region. The salary spectrum ranges from $77,649 at the 10th percentile up to an impressive $173,909 at the 90th percentile, reflecting varying roles and experience levels. These estimates are based on 2025 BLS state-level data and regional cost adjustments, offering a clearer perspective on how much mechanical engineers can expect to earn in Peabody, which is positioned to attract talent in rapidly evolving fields.
About the Peabody Market
Salary estimated from Massachusetts average ($118,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $77,649 | $37.33 |
| Lower Range (P25) | $92,535 | $44.49 |
| Median (P50)(typical) | $112,199 | $53.94 |
| Upper Range (P75) | $140,118 | $67.36 |
| Top Earners (P90) | $173,909 | $83.61 |
Median Salary Position
4.71% above the national average
2026 Salary Percentile Distribution in Peabody
In Peabody, MA, the mechanical engineer salary spread from the 10th to 90th percentile is $96,260 (2026 est.). At $112,199, the local median is 4.71% above the national median of $107,150.
Salary Calculator
At 40 hours/week in Peabody: You'd be in the lower-middle range
How Peabody Mechanical Engineer Pay Compares
Peabody median: $112,199/year (2026)
| Compared To | Median Salary | Peabody Pays |
|---|---|---|
| Massachusetts Average | $112,087 | +0.10% more |
| National Average | $107,150 | +4.71% more |
Mechanical Engineers in Peabody, MA earn a median of $112,199 per year (2026 est.), which is 4.71% higher than the national median of $107,150 and 0.10% above the Massachusetts state average of $112,087.
Cost-of-Living Adjusted Salary
Peabody has a cost of living 8.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Peabody, MA has a cost-of-living index of 108.5 (above the national average of 100). While the nominal salary of $112,199 is competitive, the higher cost of living reduces purchasing power to an effective $103,409 — a 7.83% reduction.
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2019 BLS Actual
$92,597
2025 BLS Actual
$109,016
2026 Current Est.
$112,199
2019–2027 Growth
+24.7%
Salary Trajectory for Mechanical Engineers in Peabody (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.92% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $92,597 | Actual |
| 2020 | $94,409 | Actual |
| 2021 | $99,791 | Actual |
| 2022 | $100,848 | Actual |
| 2023 | $104,199 | Actual |
| 2024 | $128,154 | Actual |
| 2025 | $109,016 | Actual |
| 2026(current) | $112,199 | Estimated |
| 2027 | $115,475 | Projected |
Based on 7 years of BLS OEWS data for the Peabody metropolitan area, the median mechanical engineer salary grew 17.7% from $92,597 (2019) to $109,016 (2025). At a 2.92% compound annual growth rate, salaries are projected to reach $115,475 by 2027 — a total increase of $22,878 (24.71%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Peabody metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 2.92% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $77,649 – $92,535 |
| 3-5 years (Mid Career) | $92,535 – $112,199 |
| 5+ years (Experienced) | $112,199 – $140,118 |
| 10+ years (Top Earner) | $140,118 – $173,909 |
ME, PE salary ranges estimated from BLS percentile data. Individual mechanical engineer compensation varies by employer, certifications, and specialization.
Mechanical Engineer Job Market in Peabody
As for the local job market, there are currently eight mechanical engineers employed in Peabody. The city's cost-of-living index stands at 108.5, implying that while salaries are competitive, the increased living costs can impact overall purchasing power. Aerospace and defense companies like Boeing and Raytheon tend to offer higher compensation, influenced by the need for specialized skills and security clearances. Industries like HVAC present steady job opportunities, and those with a PE license often command better pay. To maximize earning potential in the Peabody market, focusing on sectors that offer equity-based compensation, maintaining certifications, and considering positions that bridge engineering and management can be beneficial. Understanding where mechanical engineer pay in Peabody MA aligns with industry demands will be key for both current and aspiring professionals in the field.
More salary data for Peabody, MA:
Frequently Asked Questions
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Written by Amina Patel, PE
Career Analyst
Amina has 10 years of experience in mechanical engineering. She specializes in thermal analysis and works in the automotive industry.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $109,016 for mechanical engineersin the Peabody metropolitan area. A 2.92% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Peabody is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 2.92%, derived from historical BLS wage trends for mechanical engineers (SOC 17-2141).
Compiled and verified by Amina Patel, PE, a licensed mechanical engineer with 10+ years of clinical experience. · View source data at BLS.gov