Gloucester, NJ is a city located in Camden County. It is home to several local companies, including the Gloucester County Improvement Authority, Gloucester Township Public Schools, and Gloucester Premium Outlets. The economy of Gloucester has been on the rise in recent years with an average two bedroom rent of $1,540 compared to the national two bedroom rent of $1,430. Additionally, there is a Grocery Cost Index score of 103 compared to the US average of 100. These economic indicators reflect positive growth for Gloucester and suggest that it is a vibrant and attractive place to live.
Gloucester has an unemployment rate of 7.0%. The US average is 6.0%.
Gloucester has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Gloucester
- The Sales Tax Rate for Gloucester is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Gloucester is 5.5%. 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 $30,792 a year. The US average is $28,555 a year.
- The Median household income of a Gloucester resident is $88,699 a year. The US average is $69,021 a year.