Gloucester, NJ

Below Avg · 89

New Jersey · Population 11,465 · Updated March 2026

$1,489
Median Rent / Month
$70,942
Median Income
$180,100
Median Home Value
$1,533
Owner Costs / Month

Affordability

How far your income goes in Gloucester

25.2%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in New Jersey

State-level tax rates that affect your costs

10.75%
Income Tax (Top Rate)
6.625%
Sales Tax
2.23%
Property Tax Rate

Estimated Annual Costs

$17,868
Annual Rent
$7,626
State Income Tax
$4,016
Property Tax (est.)

Cost of Living Overview

Gloucester offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 89 (where 100 equals the national median), Gloucester residents can expect to pay median rent of $1,489/month while earning a median household income of $70,942/year.

The median home value in Gloucester, NJ is $180,100, with typical monthly owner costs around $1,533 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.2%, Gloucester falls within the generally affordable range, though it's approaching the 30% burden threshold.

New Jersey's top income tax rate of 10.75% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.625% sales tax rate and 2.23% effective property tax rate, the overall tax environment is a factor in the total cost of living in Gloucester.

Frequently Asked Questions

Common questions about living costs in Gloucester

What is the cost of living in Gloucester, NJ?
The cost of living index in Gloucester, NJ is 89 (US average = 100). Median monthly rent is $1,489, median household income is $70,942/year, and the median home value is $180,100.
Is Gloucester, NJ affordable?
Yes, Gloucester is more affordable than the national average with a cost index of 89. The rent-to-income ratio is 25.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Gloucester, NJ?
The median gross rent in Gloucester, NJ is $1,489 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,868.
What is the median household income in Gloucester?
The median household income in Gloucester, NJ is $70,942 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New Jersey?
New Jersey has a top income tax rate of 10.75%, a sales tax of 6.625%, and an effective property tax rate of 2.23%.