The cost of living index in Gloucester, MA, reveals notable variations from the nationwide average of 100. Housing costs are significantly higher, with an index of 155, indicating a 55% increase compared to the national average. Groceries also show a substantial rise, with an index of 115, meaning they cost 15% more in Gloucester than the average U.S. city.
The cost of living in Gloucester, MA, is notably higher than the nationwide average, which is set at 100 for reference. Specifically, housing costs in Gloucester stand at 155, which means residents pay 55% more than the national average for housing. This higher cost reflects the competitive real estate market in this picturesque coastal area, where demand for living spaces often outpaces supply.
In other areas such as groceries, utilities, and transportation, Gloucester’s cost of living also exceeds the national average. Groceries are 15% more expensive, utilities cost about 10% more, and transportation is 20% higher. Healthcare services, however, are slightly below the national average at 105, offering some relief. Miscellaneous expenses are 30% higher, suggesting that everyday items and services also carry a premium in this area. Overall, job seekers considering Gloucester will need to budget for these elevated costs to maintain their quality of life.
