Gloucester, NJ County is a great place to live with plenty of local amenities. Local companies in the county include The Bank of Gloucester, PSEG Nuclear Energy, and Cooper University Health Care. The cost of living in Gloucester County is slightly higher than the US average. For instance, 2 bedroom rent in Gloucester County is $1,470 compared to $1,430 nationally. Additionally, there is a 4% difference in grocery index which indicates that food items are more expensive in Gloucester County than they are across the U.S.
Gloucester County has an unemployment rate of 7.3%. The US average is 6.0%.
Gloucester County has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Gloucester County
- The Sales Tax Rate for Gloucester County is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Gloucester County 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 County
- The average income of a Gloucester County resident is $42,742 a year. The US average is $37,638 a year.
- The Median household income of a Gloucester County resident is $93,208 a year. The US average is $69,021 a year.