Gloucester, MA vs Palmer Town, MA

The cost of living difference between Gloucester, MA and Palmer Town, MA is dramatic. Palmer Town is 48.8% cheaper than Gloucester, a gap that translates to thousands of dollars per year in household expenses. Gloucester has a cost index of 129 while Palmer Town sits at 87, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Gloucester is $1,395/month compared to $1,041/month in Palmer Town — a 34% difference. Home values follow the same pattern: Palmer Town is more affordable at $255,000 median vs $587,800.

Median household income in Gloucester is $87,898 compared to $78,789 in Palmer Town (+11.6%). Gloucester does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Gloucester spend roughly 19% of their income on rent, more than the 15.9% in Palmer Town.

Climate-wise, both cities share similar average temperatures (49.9°F vs 49.4°F). Palmer Town receives more rainfall at 45.2" per year compared to 44.9" in Gloucester.