Housing costs in Essex?
A typical home costs
$720,400, which is 113.1% more expensive than the national average of
$338,100 and 29.3% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Essex costs
$2,210 per month, which is 54.5% more than the national average of
$1,430 and 3.2% more than the state average of
$2,140.
Can I afford Essex?
To live comfortably in Essex, Massachusetts, a minimum annual income of
$137,880 for a family, and
$72,800 for a single person is recommended.
What does A.I. say about Essex?
Essex, MA is an affordable place to live. The cost of living in this small town is significantly lower than the nearby Boston metro area, making it an attractive option for those looking to escape the high costs and hustle of city life. In Essex, MA, median house prices are around $323,600, whereas average rent is around $1,532 per month. Food and other necessities such as transportation and healthcare are also more affordable than in larger cities. The cost of living here is much lower than the national average making it an attractive destination for those looking for a new home or a change of lifestyle.