Housing costs in Essex?
A typical home costs
$101,700, which is 69.9% less expensive than the national average of
$338,100 and 52.1% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Essex costs
$670 per month, which is 53.1% cheaper than the national average of
$1,430 and 41.8% cheaper than the state average of
$950.
Can I afford Essex?
To live comfortably in Essex, Missouri, a minimum annual income of
$19,440 for a family, and
$20,400 for a single person is recommended.
What does A.I. say about Essex?
The cost of living in Essex, MO is relatively low compared to other cities, making it an attractive option for those looking to settle down. The overall cost of living index in Essex is 89.3, which is 11.7% lower than the U.S. average of 100. The median home value in the city is $70,000 and rent averages around $630 per month for a one-bedroom apartment. Utilities are also low with electricity costing around $112 per month and natural gas costing roughly $68 per month, on average. Overall, residents can expect a more affordable cost of living when they choose to call Essex their home.