Gloucester, MA, has a higher cost of living index compared to the nationwide average, which is set at 100. Specifically, housing costs are 44% higher, making it a significant consideration for potential residents. Additionally, groceries and healthcare also exceed the national average by 10% and 20%, respectively, indicating that these essential expenses are notably more expensive in Gloucester.
When evaluating the overall cost of living, individuals must weigh these percentages against potential salary increases and quality of life factors. Understanding these numbers helps job seekers make informed decisions about relocating to Gloucester, MA.
The cost of living index in Gloucester, MA, offers a detailed comparison to the nationwide average, which is set at 100. In Gloucester, housing costs are notably higher, standing at 144, which is 44% more than the national average. This significant increase suggests that potential residents should budget more for housing than in many other places across the country.
In addition to housing, other areas also show variations from the national average. Groceries in Gloucester cost 110, indicating an 10% increase. Utilities, at 105, are 5% higher. Transportation costs are slightly lower, with an index of 95, meaning they are 5% below the national average. Healthcare expenses are up by 20%, with an index of 120. Miscellaneous costs, such as entertainment and personal care, are at 102, which is 2% above the national average. This mix of costs provides a clear picture for anyone considering a move to Gloucester, showing where expenses might be higher or lower compared to the rest of the country.
