Gloucester City, NJ is a small town with an affordable cost of living. The average 2 bedroom rent in Gloucester City is $1,500, which is slightly lower than the US average of $1,430. Similarly, the grocery cost index in Gloucester City is 100, which is the same as the US grocery cost index. The city's low rental costs and consistent grocery costs make it an ideal location for those looking to live comfortably while still saving money. There are many local companies in Gloucester City that contribute to its economy including Pennsauken-based manufacturing company Seabreeze Electric Company and Inspirestate Technology Solutions, a digital services firm based in Westville. The low rents and steady prices overall make life in Gloucester City both comfortable and affordable for people looking to relocate here.
Gloucester City has an unemployment rate of 8.0%. The US average is 6.0%.
Gloucester City 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 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Gloucester City
- The Sales Tax Rate for Gloucester City is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Gloucester City 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 City
- The average income of a Gloucester City resident is $23,873 a year. The US average is $28,555 a year.
- The Median household income of a Gloucester City resident is $59,926 a year. The US average is $69,021 a year.