| Index | Gloucester City | New Jersey | National |
| Cost of living | 103 | 125 | 100 |
| Groceries | 108 | 108 | 100 |
| Health care | 112 | 112 | 100 |
| Housing | 86 | 157 | 100 |
| Transportation | 111 | 114 | 100 |
| Utilities | 110 | 111 | 100 |
| Lifestyle & Entertainment | 113 | 113 | 100 |
| Household Items | 109 | 107 | 100 |
| Education & Childcare | 115 | 120 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Gloucester City? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Gloucester City stands at 103, making it 3% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
The cost of living in Gloucester City closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, houshold expenses, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Gloucester City can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
Is Gloucester City an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Gloucester City, the median home price is 26.6% lower than what most folks pay across the country, and monthly rent prices are 14.8% higher than the usual rates. Income levels in Gloucester City come in at $90,286, which is 11% higher than the national average.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Gloucester City, is 14.2% lower than the national average.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Gloucester City, the standard sales tax rate starts at 6.625%, and the income tax rates commence at 1.4%.
Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Gloucester City, the healthcare costs are 11.6% higher than the national average.
The Gloucester City cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
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| Groceries index | |
| Health care index | |
| Housing index | |
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| Utilities index | |
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| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $107,349 | $8,946 | $2,505 | $3,221 |
| Renters | $58,514 | $4,876 | $1,365 | $1,756 |
| State | General Sales Tax | With Max Surtax |
| New Jersey | 6.625% | 12.625% |
| State | Income Tax (Low) | Income Tax (High) |
| New Jersey | 1.4% | 10.75% |
| City | Population | Cost of Living Index | National Avg. |
| Pine Valley, NJ | 11 | 111 | 10.6% |
| Arcadia University, PA | 609 | 100 | 0.1% |
| Tavistock, NJ | 5 | 111 | 10.6% |
| Prospect Park CDP, PA | 233 | 79 | 21.0% |
| Audubon Park, NJ | 1,003 | 92 | 7.9% |
| Gloucester City, NJ | 11,674 | 103 | 3.2% |
| City | Population | Cost of Living Index | National Avg. |
| Elizabethtown, PA | 11,675 | 100 | 0.0% |
| Campbellsville, KY | 11,676 | 89 | 11.2% |
| Hudson, FL | 11,671 | 100 | 0.5% |
| Show Low, AZ | 11,670 | 100 | 0.1% |
| Martensville, SK | 11,678 | n/a | |
| Gloucester City, NJ | 11,674 | 103 | 3.2% |
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