Housing costs in Gloucester?
A typical home costs
$283,900, which is 16.0% less expensive than the national average of
$338,100 and 34.3% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Gloucester costs
$1,540 per month, which is 7.7% more than the national average of
$1,430 and 11.0% cheaper than the state average of
$1,710.
Can I afford Gloucester?
To live comfortably in Gloucester, New Jersey, a minimum annual income of
$54,360 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Gloucester?
Gloucester, NJ is situated near North East Philadelphia and has become very popular with families due to its higher quality schools and services available nearby. Homes typically fall between the ranges of $220k to $320k while rentals average out at roughly $1,100-$1,300 depending on size and location within Gloucester Township boundaries. Residents also benefit from reduced grocery costs due to its proximity to both Pennsylvania and New York markets which helps keep basic staple items affordable here.