Can An Accountant Afford Rent in Gloucester, MA?
Comfortably affordable — rent takes 29.3% of gross income.
Gloucester rent: June 2026. Salary: BLS OEWS May 2024 (Massachusetts state estimate).
About rent and an accountant salary
Accountant pay covers comfortable rent in nearly every US city. The cost-of-living premium that high-cost metros add to rent is offset, in most cases, by higher local accountant pay — but not entirely. At the national-average accountant salary, the 30% rule supports about $2,270 a month in rent, which is above the median rent in most metros tracked here. The per-city pages quantify the surplus or pinch in each market.
Cheaper rent nearby
These Massachusetts cities have lower median rent than Gloucester, which improves the affordability math on an accountant salary:
Compare with full rent data for Gloucester
View full rent data for Gloucester, MA →Frequently asked questions
Can an accountant afford rent in Gloucester, MA?
Median rent in Gloucester is $2,574 a month. A typical accountant in Massachusetts earns about $105,305 a year, which makes that rent 29.3% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can an accountant afford in Gloucester?
Using the 30% rule, an accountant salary in Massachusetts (~$105,305/yr) supports up to $2,633 a month in rent. Gloucester's current median rent is $2,574/mo, which leaves a $59/mo buffer.
How many hours does an accountant work to cover rent in Gloucester?
At an hourly equivalent of about $51 an hour, an accountant in Massachusetts works roughly 50.8 hours a month to cover Gloucester's median rent of $2,574.
Where is rent cheaper than Gloucester for an accountant?
Nearby Massachusetts cities with lower median rent include Melrose ($2,572/mo), Maynard ($2,571/mo), Amherst ($2,570/mo). Each shifts the affordability math materially on an accountant salary.