Gloucester City cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexGloucester CityNew JerseyNational
Cost of living index107131100
IndexGloucester CityNew JerseyNational
Goods & Services index115118100
Groceries index117116100
Health care index99111100
Housing index88166100
Transportation index117118100
Utilities index121110100
Here we can see a simple outline of the cost of living in Gloucester City, NJ. As you can see, with the average cost of living in Gloucester City, NJ being 107, that puts it 18% lower than the average of New Jersey and 7% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Gloucester City, NJ, the price of goods and services are 3% lower than the average of New Jersey as well as 15% higher than the nation's average.

Did you know?

  • The cost of living in Gloucester City is 18% lower than the New Jersey average.
  • The cost of living in Gloucester City is 7% higher than the national average.
  • The cost of housing in Gloucester City is 12% lower than the national average.
  • New Jersey general sales tax is 37% higher than the national average.
  • New Jersey state income tax is 37% lower than the national average.

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Compare Gloucester City, NJ Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Gloucester City, NJ to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Gloucester City, NJ, then you would need to earn more income in order to maintain the same standard of living. To use the Gloucester City, NJ salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$55,815$4,651$1,302$1,675
Renters$36,667$3,056$856$1,100
The affordability of the housing market in Gloucester City, NJ as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Gloucester City, NJ homeowners, the median income is $55,815. This indicates that a monthly maximum of $1,302 should be spent by homeowners on all housing related costs. Renters have a median income of $36,667. This indicates that renters should have a maximum of $856 used for their rent related monthly costs.

New Jersey Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Jersey7%7%

New Jersey Income Tax

StateIncome Tax (Low)Income Tax (High)
New Jersey1.4%8.97%
For those who live in Gloucester City, NJ and want to know what the true cost of living is, they ought to look at both the New Jersey income tax rate and the New Jersey sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In New Jersey, the sales tax is 7%, while the most you'll pay in surtax is 7%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in New Jersey, the income tax rate ranges between 1.4% to 8.97%.

Goods & Services

ItemGloucester CityNational avg.Difference
Haircut $17.50$14.5919.9%
Beauty Salon $52.00$34.6849.9%
Toothpaste $2.36$2.474.6%
Shampoo $0.99$1.023.1%
Movie $10.75$9.878.9%
Bowling $5.04$4.3914.8%

Groceries

ItemGloucester CityNational avg.Difference
Ground Beef $4.74$4.485.9%
Fried Chicken $1.69$1.4615.4%
Milk $2.25$2.364.5%
Potatoes $3.49$3.0614.0%
Pizza $10.74$9.2416.2%
Beer $8.39$8.632.8%

Health Care

ItemGloucester CityNational avg.Difference
Optometrist $106.00$99.786.2%
Doctor $118.75$105.0313.1%
Dentist $95.00$88.707.1%
Ibuprofen $9.89$9.415.1%
Lipitor $200.00$298.5033.0%

Housing

ItemGloucester CityNational avg.Difference
Home Price $134,100.00$175,700.0023.7%
Avg. Mortgage Payment $1,419.25$1,081.0331.3%
Apartment Rent $1,068.00$920.0016.1%

Transportation

ItemGloucester CityNational avg.Difference
Gasoline $2.46$2.0917.6%
Tire Balancing $52.00$45.2914.8%

Utilities

ItemGloucester CityNational avg.Difference
All Electricity$186.98$170.809.5%
Phone $38.50$28.2636.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Arcadia University, PA62311515%
Tavistock, NJ911515%
Pine Valley, NJ211515%
Prospect Park, PA28894-6%
Audubon Park, NJ1,05196-4%
Gloucester City, NJ11,3921077%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Excelsior Springs, MO11,39187-13%
Enumclaw, WA11,38811313%
Ionia, MI11,38885-15%
Martin, TN11,39692-8%
Guttenberg, NJ11,39714646%
Gloucester City, NJ11,3921077%
Source: The Gloucester City, NJ cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.