Safe Rate Local

Cost of Living in Gloucester County

Is it better to rent or buy in Gloucester County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

← Back to Gloucester County Hub

Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$85,673
$1,171/mo

Median in area: $1,171

$324,843

Median in area: $324,843

$64,969

If you Rent

🔑
$1,386 /mo
Base Rent$1,171
Est. Utilities$215
% of Income19.4%
Pre-tax Residual$5,753

If you Buy

🏠
$2,215 /mo
P&I (6.991%)$1,727
Taxes & Ins$273
Est. Utilities$215
% of Income31.0%
Pre-tax Residual$4,924

Compare Nearby Areas

See how Gloucester County stacks up against neighboring areas.

countyJames City County, VA
$1,669/mo
countyKing and Queen County, VA
$1,020/mo
countyMiddlesex County, VA
$982/mo
countyMathews County, VA
$1,033/mo
countyYork County, VA
$1,814/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Gloucester County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Gloucester County. The estimated all-in monthly cost for renting is $1,386, while owning a median-priced home with a 20% down payment is roughly $2,215 per month (a difference of $829).

How much do utilities cost in Gloucester County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Gloucester County is approximately $215. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Gloucester County?›

To comfortably afford the median rent and utilities in Gloucester County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $55,440 per year.