Gloucester, MA Cost Of Living

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Updated: 2020-03-08
Gloucester's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Gloucester is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Gloucester, MA?

According to the most recent data on the cost of living, Gloucester has an overall cost of living index of 136 which is 1.4x higher than the national index of 100.

Compared to only Massachusetts, Gloucester has a cost of living index that's 1.0x higher than Massachusetts's index of 131.

The standard of living in Gloucester ranks as #5469 most affordable out of the 6522 places we measured in Massachusetts. By definition, that implies Gloucester ranks as the #938 most expensive place in the Bay State.

Gloucester Cost Of Living Vs. Massachusetts

Living Expense Gloucester Massachusetts National Average
Overall 136 131 100
Services 130 122 100
Groceries 108 109 100
Health 118 121 100
Housing 172 165 100
Transportation 111 107 100
Utilities 115 114 100
For more reading on cost of living around Massachusetts, check out:
Gloucester Cost of Living Vs. MA

Gloucester, MA Housing Cost Breakdown

Housing swings affordability the most between places in Massachusetts, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Gloucester Massachusetts United States
Median Home Value $395,800 $366,800 $204,900
Median Rent $1,108 $1,225 $1,023
Median Income $65,377 $77,378 $60,293
Home Value To Income 6.1x 4.7x 3.4x
Rent To Monthly Income 0.2x 0.19x 0.2x

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Cost Of Living In Cities Around Gloucester

City Population Cost Of Living Vs. Gloucester
Lynn, MA 93,617 124 0.9x
Peabody, MA 52,865 135 1.0x
Salem, MA 43,302 131 1.0x
Beverly, MA 41,731 138 1.0x
Danvers, MA 27,631 138 1.0x
Marblehead, MA 20,488 164 1.2x
Newburyport, MA 17,990 139 1.0x
Swampscott, MA 14,755 148 1.1x
Lynnfield, MA 12,847 165 1.2x
Rockport, MA 5,245 150 1.1x

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