Gloucester, MA is a vibrant and attractive coastal town located just north of Boston. It is known for its stunning harbor views, fishing industry, and cultural attractions. The cost of living in Gloucester is higher than the US average; 2 bedroom rent is $2,140 compared to the national average of $1,430. Additionally, the grocery cost index in Gloucester is 109 compared to 100 in the US. Despite the higher prices, many people are drawn to the area thanks to its abundance of outdoor activities such as whale-watching from local charter boats or hiking trails at Rocky Neck State Park. Gloucester also boasts many popular attractions such as Cape Ann Museum and Hammond Castle Museum which draw thousands of visitors every year. There are also several popular companies based in Gloucester including John Hill & Sons Seafood and The Lobster Pool Restaurant & Takeout.
Gloucester has an unemployment rate of 9.1%. The US average is 6.0%.
Gloucester has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 33.5%.
Tax Rates for Gloucester
- The Sales Tax Rate for Gloucester is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Gloucester is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gloucester
- The average income of a Gloucester resident is $37,005 a year. The US average is $28,555 a year.
- The Median household income of a Gloucester resident is $82,984 a year. The US average is $69,021 a year.