Gloucester, MA vs South Yarmouth, MA

Gloucester, MA and South Yarmouth, MA have a very similar cost of living, with only a 2.6% difference in their overall index. Gloucester scores 129 while South Yarmouth scores 126 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 $1,665/month in South Yarmouth — a 16% difference. Interestingly, home values tell a different story: while Gloucester has cheaper rent, South Yarmouth actually has lower median home values ($465,100 vs $587,800).

Median household income in Gloucester is $87,898 compared to $79,638 in South Yarmouth (+10.4%). While Gloucester 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, less than the 25.1% in South Yarmouth.

Climate-wise, both cities share similar average temperatures (49.9°F vs 51.5°F). Gloucester receives more rainfall at 44.9" per year compared to 44.7" in South Yarmouth.