Gloucester 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.
IndexGloucesterMassachusettsNational
Cost of living index142132100
IndexGloucesterMassachusettsNational
Goods & Services index131117100
Groceries index106108100
Health care index133121100
Housing index176167100
Transportation index113109100
Utilities index158129100
A general overview of the cost of living index for Gloucester, MA is displayed above. In Gloucester, MA, the overall cost of living index is 142, which is 8% higher than the Massachusetts average and 42% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Gloucester, MA, the city's goods and services are 12% higher than the Massachusetts average and 31% higher than the U.S. average.

Did you know?

  • The cost of living in Gloucester is 8% higher than the Massachusetts average.
  • The cost of living in Gloucester is 42% higher than the national average.
  • The cost of housing in Gloucester is 76% higher than the national average.
  • Massachusetts general sales tax is 23% higher than the national average.
  • Massachusetts state income tax is 132% higher than the national average.

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Salary Calculator

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Use the salary calculator to compare your current salary in Gloucester, MA 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, MA, then you would need to earn more income in order to maintain the same standard of living. To use the Gloucester, MA 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$80,761$6,730$1,884$2,423
Renters$38,250$3,188$892$1,148
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Gloucester, MA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Gloucester, MA homeowners have a median income of $80,761. Using that number, you will come up with a maximum of $1,884 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $38,250, which means there is a maximum of $892 to be spent on the costs of renting a home or apartment.

Massachusetts Sales Tax

StateGeneral Sales TaxWith Max Surtax
Massachusetts6.25%6.25%

Massachusetts Income Tax

StateIncome Tax (Low)Income Tax (High)
Massachusetts5.15%5.15%
When you are determining the total cost of living in Gloucester, MA you will want to make sure you consider both the Massachusetts sales tax and the Massachusetts income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Massachusetts is 6.25%, with the highest surtax being 6.25%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Massachusetts have a range from 5.15% to 5.15%.

Goods & Services

ItemGloucesterNational avg.Difference
Haircut $20.93$15.5634.5%
Beauty Salon $50.40$36.1139.6%
Toothpaste $2.46$2.470.6%
Shampoo $0.96$0.960.5%
Movie $13.24$10.1330.7%
Bowling $9.15$4.7493.3%

Groceries

ItemGloucesterNational avg.Difference
Ground Beef $4.07$3.982.1%
Fried Chicken $1.72$1.4122.2%
Milk $1.94$2.066.2%
Potatoes $3.26$2.989.4%
Pizza $11.10$9.4717.1%
Beer $9.62$8.799.4%

Health Care

ItemGloucesterNational avg.Difference
Optometrist $107.42$101.046.3%
Doctor $188.00$107.4475.0%
Dentist $121.47$90.4234.3%
Ibuprofen $9.19$9.281.0%
Lipitor $439.90$426.503.1%

Housing

ItemGloucesterNational avg.Difference
Home Price $362,200.00$175,700.00106.1%
Avg. Mortgage Payment $1,986.40$1,133.2375.3%
Apartment Rent $975.00$920.006.0%

Transportation

ItemGloucesterNational avg.Difference
Gasoline $2.03$1.992.1%
Tire Balancing $62.45$45.7636.5%

Utilities

ItemGloucesterNational avg.Difference
All Electricity$287.63$163.8175.6%
Phone $38.66$28.3936.2%
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.
Lynn, MA91,28912929%
Salem, MA42,32113636%
Salisbury, MA4,75713333%
Peabody, MA51,86814141%
Ipswich, MA4,00314141%
Gloucester, MA29,23714242%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Plainfield, IN29,22088-12%
Lake Stevens, WA29,25811616%
Port Chester, NY29,27515353%
Cedar City, UT29,17593-7%
Oak Ridge, TN29,30186-14%
Gloucester, MA29,23714242%
Source: The Gloucester, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.