Cost of Living in Gloucester, MA
Population: 29,862 • 2026 Data
$87,898
Median Household Income
+14% vs national
$1,395
Median Monthly Rent
+3% vs national
$587,800
Median Home Value
+73% vs national
6.3%
Unemployment Rate
Housing in Gloucester
The median home value in Gloucester, MA is $587,800. Monthly rent for a typical unit averages $1,395, while total monthly housing costs (including utilities and insurance) average $1,729.
Rent-to-income ratio: 19.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Gloucester, MA is $87,898. The unemployment rate stands at 6.3%, with a labor force of 16,439 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.