Cost of Living in Gloucester County, New Jersey

$1,480/mo
Median Monthly Rent
$283,500
Median Home Value

At a Glance

Median Monthly Rent
$1,480/mo
6% below state average
Median Home Value
$283,500
1% above national
Rent-to-Income Ratio
30.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Gloucester County Compares

Median monthly rent comparison

Gloucester County$1,480/mo
New Jersey Average$1,577/mo
National Median$1,163/mo

Detailed Housing Stats

$1,480/mo
Median Gross Rent
$283,500
Median Home Value
$1,875/mo
Monthly Owner Cost
30.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Gloucester County ranks #2,412 of 3,144 counties for affordability (bottom 23%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Gloucester County, New Jersey

Gloucester County delivers best rental affordability statewide

Gloucester County residents spend just 17.3% of household income on rent, beating the national average of 18.5% while earning $102,807 annually. This combination—strong middle-class income paired with relatively low rent burden—makes Gloucester one of New Jersey's most balanced housing markets.

New Jersey's best overall rental affordability

Gloucester County's 17.3% rent-to-income ratio ranks best in New Jersey, outperforming even Bergen County's 18.1% and the state average of 19.1%. The county's $1,480 median rent sits below state average while median household income reaches $102,807—a rare convergence of affordability and earnings.

More affordable than Burlington despite higher rents

Gloucester's $1,480 median rent runs $189 above Burlington's $1,669 yet achieves superior affordability (17.3% vs 19.0% ratio) thanks to $102,807 income versus Burlington's $105,271. The modest income difference translates into meaningful affordability advantage for Gloucester renters.

Balanced burden for renters and moderate for homeowners

Gloucester renters spend $1,480 monthly (17.3% of income) while homeowners average $1,875 (21.9%), among the state's most sustainable ratios. The county's median home value of $283,500 combined with strong incomes creates manageable ownership pathways for most households.

Gloucester County: South Jersey's sweet spot for families

Families earning $100,000+ seeking balanced rents, accessible homeownership, and reasonable tax burdens should prioritize Gloucester County—New Jersey's top rental affordability ranking proves it. The county's Delaware River proximity, Philadelphia job market access, and below-state-average home values combine to offer genuine suburban value.

Cost of Living Advisory: Gloucester County

Affordability Verdict

For renters in Gloucester County, the market is affordable. Expect to pay around $1,480/month in gross rent, with 30.0% of renter households considered cost-burdened.

Rent vs. Own

The median rent in Gloucester County is $1,480/month, while owner costs run $1,875/month. Renting saves approximately $395/month.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $59,200/year. For owner costs at the 28% rule, the required income is roughly $80,357/year. With a median household income of $102,807, most households can comfortably afford rent here. Notably, 30.0% of renter households in Gloucester County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Compared to Passaic County where rent averages $1,553/month, Gloucester County is approximately 5% less expensive.

Affordability Calculator

See how your income compares to housing costs in Gloucester County

$

Rent Burden

17.3%

of gross income

Max Housing (28% Rule)

$2,399

per month

Owner Cost Burden

21.9%

of gross income

You can likely afford the median home in Gloucester County

Median home value is $283,500. Estimated monthly cost: $2,263 vs. your max of $2,399.

Rent Affordability Guide

Your rent-to-income ratio17.3%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $102,807Needed: $59,200
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $102,807Needed: $80,357
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $102,807Needed: $65,978

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Gloucester County, New Jersey?
Gloucester County, New Jersey has a median monthly rent of $1,480/mo and a median home value of $283,500. The affordability rating is Unaffordable, with rent making up approximately 30.0% of median household income.
What is the median rent in Gloucester County?
The median gross rent in Gloucester County is $1,480/mo. This is 6% below state average for New Jersey.
Is Gloucester County affordable?
Gloucester County is rated Unaffordable based on rent-to-income ratio of 30.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Gloucester County's rent compare to the state average?
Gloucester County's median rent of $1,480/mo is 6% below state average of $1,577/mo for New Jersey.
What is the median home value in Gloucester County?
The median home value in Gloucester County, New Jersey is $283,500. This is 1% above the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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