Gloucester, MA, presents a higher cost of living index compared to the nationwide average. Specifically, the cost of housing is 30% higher, while groceries, utilities, healthcare, and miscellaneous expenses are also notably elevated by 10%, 20%, 15%, and 25%, respectively. The transportation cost remains relatively close to the national average, at 5% higher. Overall, the cost of living index in Gloucester stands at a substantial 15% above the national average.
The cost of living in Gloucester, MA, exceeds the nationwide average in several key areas. Housing costs are notably higher, standing at 130 compared to the national average of 100. This means residents pay 30% more for housing than the average American. Groceries, another essential expense, also rise above the national average with a cost index of 110, reflecting an 10% increase.
Utilities and healthcare in Gloucester show slight increases as well. Utility costs are at 120, which is 20% higher than the average. Healthcare costs reach 115, which is 15% higher. Transportation costs are slightly below the national average at 105, indicating a 5% lower expense. Miscellaneous expenses stand at 125, which is 25% higher than the national average. These figures show that while some areas have moderate increases, others have more significant rises in costs.
