Gloucester is a city in Massachusetts state in USA with a population of 30291 residents.. The poverty rate of Gloucester is 9.6%, which is 31% lower than national average. The typical household in Gloucester earns $76260 a year, compared to the national median of $67,500. Nearly 36% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Gloucester, only 93% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Gloucester remained 5.5%, which is 17% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Gloucester, only 39% of adults have a bachelor's degree and 28% have some college but no degree.

Cost of living in Gloucester is 136, which is 36% higher than national average. Median home value in Gloucester is $435200 , which is 89% higher than national average. While median income in Gloucester remained $76260, which is 13% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.