Housing costs in Gloucester?
A typical home costs
$630,900, which is 86.6% more expensive than the national average of
$338,100 and 13.2% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Gloucester costs
$2,150 per month, which is 0.5% more than the national average of
$2,140 and 12.6% cheaper than the state average of
$2,420.
Can I afford Gloucester?
To live comfortably in Gloucester (zip 01930), Massachusetts, a minimum annual income of
$120,960 for a family, and
$70,800 for a single person is recommended.
What does A.I. say about Gloucester?
Gloucester, MA is an idyllic seaside city located along the Atlantic coast of Massachusetts. The cost of living in 01930 Gloucester is relatively high compared to other cities in Massachusetts due to its status as a tourist destination and affluent fishing industry. Housing prices are especially high due to limited availability, with median home prices currently at $400,000. Groceries and transportation costs run slightly above national averages, while healthcare and utilities are generally just below average for America's cost of living standards. Despite the higher costs of living in Gloucester, it remains an attractive place to live due to its stunning ocean views, various outdoor activities, and vibrant community.