Gloucester City, NJ Cost Of Living
Cost Of Living In Gloucester City, NJ Summary
Cost of living in Gloucester City research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Gloucester City is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Gloucester City is 100, with 100 being the average.
The cost of living index in Gloucester City is 1.0x lower than the national average.
Gloucester City ranks as the #17 cheapest in New Jersey out of 260.
Gloucester City ranks as the #2,621 cheapest out of 6,489 in the US.
The median home value in Gloucester City is $242,313.
The median income in Gloucester City is $70,942.
Table Of Contents
Gloucester City's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Gloucester City, NJ?
According to the most recent data on the cost of living, Gloucester City has an overall cost of living index of 100, which is 1.0x lower than the national index of 100.
Compared to New Jersey, Gloucester City has a cost of living index that's 0.8x lower than New Jersey's index of 122.
The standard of living in Gloucester City ranks as #17 most affordable out of the 260 places we measured in New Jersey. By definition, that implies Gloucester City ranks as the #243 most expensive place in the Garden State.
For more reading on life in Gloucester City, check out:
In New Jersey
In America
Gloucester City Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Gloucester City. Here is how it fairs on each of the criteria:
The Services index in Gloucester City is 101.
The Groceries index in Gloucester City is 103.
The Health index in Gloucester City is 95.
The Housing index in Gloucester City is 86.
The Transportation index in Gloucester City is 106.
The Utilities index in Gloucester City is 110.
| Living Expense | Gloucester City | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 100 | 122 | 100 | |
| Services | 101 | 108 | 100 | |
| Groceries | 103 | 104 | 100 | |
| Health | 95 | 99 | 100 | |
| Housing | 86 | 159 | 100 | |
| Transportation | 106 | 101 | 100 | |
| Utilities | 110 | 107 | 100 | |
Gloucester City, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Gloucester City is $242,313.
The Median Rent in Gloucester City is $1,489.
The Median Income in Gloucester City is $70,942.
The Home Value To Income in Gloucester City is 3.4x.
The Rent To Monthly Income in Gloucester City is 0.25x.
| Statistic | Gloucester City | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $242,313 | $564,432 | $303,400 |
| Median Rent | $1,489 | $1,653 | $1,348 |
| Median Income | $70,942 | $101,050 | $78,538 |
| Home Value To Income | 3.4x | 5.6x | 3.9x |
| Rent To Monthly Income | 0.25x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Gloucester City, NJ Costs By Category
Detailed Gloucester City Services Costs Vs. New Jersey
| Item | Gloucester City | New Jersey |
|---|---|---|
| Shampoo | $1.52 | $1.28 |
| Movie | $13.75 | $12.13 |
| Bowling | $19.47 | $18 |
| Haircut | $23.54 | $24.26 |
| Beauty Salon | $66.27 | $45.56 |
Detailed Gloucester City Groceries Costs Vs. New Jersey
| Item | Gloucester City | New Jersey |
|---|---|---|
| Ground Beef | $5.76 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.67 | $4.67 |
| Potatoes | $5.37 | $4.93 |
| Pizza | $11.73 | $12.09 |
| Beer | $11.99 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed Gloucester City Health Costs Vs. New Jersey
| Item | Gloucester City | New Jersey |
|---|---|---|
| Optometrist | $123.5 | $125.68 |
| Doctor | $132.56 | $135.78 |
| Dentist | $103.31 | $113.29 |
Detailed Gloucester City Transportation Costs Vs. New Jersey
| Item | Gloucester City | New Jersey |
|---|---|---|
| Gasoline | $3.53 | $3.46 |
| Tire Balancing | $70.89 | $59.92 |
Detailed Gloucester City Utilities Costs Vs. New Jersey
| Item | Gloucester City | New Jersey |
|---|---|---|
| All Electricity | $222.45 | $193.99 |
| Phone | $198.27 | $192.25 |
Gloucester City SnackAbility
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