Gloucester, MA vs Maynard, MA

Gloucester, MA and Maynard, MA have a very similar cost of living, with only a 0.7% difference in their overall index. Gloucester scores 129 while Maynard scores 130 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Gloucester is $1,395/month compared to $1,678/month in Maynard — a 17% difference. Interestingly, home values tell a different story: while Gloucester has cheaper rent, Maynard actually has lower median home values ($494,200 vs $587,800).

Median household income in Gloucester is $87,898 compared to $119,549 in Maynard (-26.5%). While Maynard is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Gloucester spend roughly 19% of their income on rent, more than the 16.8% in Maynard.

Climate-wise, both cities share similar average temperatures (49.9°F vs 50.5°F). Gloucester receives more rainfall at 44.9" per year compared to 42.6" in Maynard.