Gloucester, MA
Maps & Population Facts
Population
29,858
Population Density
1,140
Labor Participaton
63.4%
Bachelor's or Higher
38.6%
Median Household Income
$65,348
Median Individual Income
$37,650
Median Individual Income(Full-time Workers Only)
$52,419
Housing Estimates
Median House Value
$381,000
Median Gross Rent
$1,051
Median Mortgage Payment
$2,117
Housing Units
14,827
People who reside in Gloucester live in:
Detached - Single Family Homes
56%
Apt, Condo, Other
44%
Analysis
Income
Households in Gloucester earn more money than the national median income, averaging 8% higher per household.
Housing
Gloucester has a median house price of $381,000. The cost of homeownership is higher than most areas. The cost of renting in Gloucester is 4% more than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 7% |
Demographics
The median age in Gloucester is 49. Gloucester has a population that is significantly older than in comparison to the US median age.
Gloucester ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
| Gloucester | Massachusetts | USA | |
| Median Property Value | 381,000 | 385,400 | 217,600 |
| Median Mortgage Payment | 2,117 | 2,108 | 1,513 |
| Median Gross Rent | 1,051 | 1,208 | 1,012 |
| Property Vacancy | 13.0% | 10.0% | 12.6% |
| % Renters | 36% | 38% | 36% |
| Residents per Sq. Mi. | 1,140 | 885 | 93 |
Personal Comparison
| Gloucester | Massachusetts | USA | |
| Median Household Income | 65,348 | 77,385 | 60,336 |
| Median Individual Income | 37,650 | 41,700 | 33,646 |
| Median Income (Full-Time) | 52,419 | 60,923 | 46,881 |
| Median Age | 49.0 | 39.5 | 38.1 |
| Labor Participation | 63.4% | 67.8% | 62.8% |
| Attained College Degree | 38.6% | 43.4% | 32.0% |
Population Density Analysis
Gloucester, MA
1,140
Residents per Sq. Mile
The population density of Gloucester is comparable to that of a Suburban Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +