Photo by David Trinks on Unsplash (https://unsplash.com/@dtrinksrph)
Gloucester, Massachusetts Retirement Guide
61
Retirement Score
Gloucester, Massachusetts at a Glance
- Median Home Price
- $535,100
- State Income Tax
- State income tax; Social Security exempt; many public pensions exempt with partial rules for others.
- Avg January Low
- 24.7°F
- Cost of Living Index
- 109.4 (US avg = 100)
- Best For
- N/A
- RetireCityIQ Score
- 61 / 100
Retirement Data
Affordability
Cost of Living Index
109.4 (U.S. avg = 100)High confidence
BEA Regional Price Parities · Updated May 2026
Median Home Price
$535,100High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Monthly Rent
$1,390High confidence
U.S. Census ACS 5-Year · Updated June 2026
Taxes
Retirement Tax Score
45 / 100High confidence
Tax Foundation · Updated June 2026
Tax Details
State income tax; Social Security exempt; many public pensions exempt with partial rules for others.High confidence
Tax Foundation · Updated June 2026
Retiree Readiness (Sprint 2)
Care Access Score (proxy)
100 / 100High confidence
RetireCityIQ proxy model · Updated June 2026
Aging-in-Place Score (proxy)
64.3 / 100High confidence
RetireCityIQ proxy model · Updated June 2026
Healthcare
Healthcare Access Score
100 / 100High confidence
CMS Hospital General Information + RetireCityIQ nearest-hospital radius model · Updated June 2026
Climate
Avg July High
81.2°FHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Avg January Low
24.7°FHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Annual Precipitation
47.6"High confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Sunny Days / Year
272 daysHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Safety
Safety Score
100 / 100High confidence
FBI Crime Data Explorer · Updated June 2026
Walkability
Walk Score (proxy)
51.6 / 100High confidence
U.S. Census ACS 5-Year (B08301) · Updated June 2026
Transit Score (proxy)
7 / 100High confidence
U.S. Census ACS 5-Year (B08301) · Updated June 2026
Demographics
Population
29,830High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Age
51.0High confidence
U.S. Census ACS 5-Year · Updated June 2026
Age 65+
25.6%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Household Income
$84,465High confidence
U.S. Census ACS 5-Year · Updated June 2026
Community Profile
Owner-Occupied Housing
61.4%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Veterans
5.2%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Bachelor's Degree+
39.6%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Poverty Rate
10.8%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Diversity
White
90.9%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Black
1.2%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Hispanic/Latino
4.1%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Asian
2.5%High confidence
U.S. Census ACS 5-Year · Updated June 2026
10-Year Housing Stress Test (Estimate)
Estimate monthly homeowner carrying cost in Gloucester using median home price and adjustable assumptions. Stress case applies +10% property tax, +20% insurance, +10% maintenance.
Estimated monthly carrying cost
$1,159
Stress-case monthly carrying cost
$1,302
Median home price used: $535,100
Median rent reference: $1,390 / month
Estimate includes property tax, insurance, maintenance reserve, and HOA. It excludes mortgage, utilities, and one-time transaction costs.
Local Professionals
Financial Advisors
WERNAU ASSET MANAGEMENT
WERNAU ASSET MANAGEMENT INC.
GOOD HARBOR ADVISORS, INC.
GOOD HARBOR ADVISORS, INC.
+17 more financial advisors available