Housing costs in Essex?
A typical home costs
$241,100, which is 28.7% less expensive than the national average of
$338,100 and 37.9% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Essex costs
$1,290 per month, which is 9.8% cheaper than the national average of
$1,430 and 25.6% cheaper than the state average of
$1,620.
Can I afford Essex?
To live comfortably in Essex, Maryland, a minimum annual income of
$46,080 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Essex?
Essex, MD boasts a low cost of living compared to many areas in the United States. According to the most recent figures from the Missouri Economic Research and Information Center, the cost of living index for Essex is 77.8, which is lower than the U.S. average of 100. This means that housing, food, and other essential costs are much cheaper than in other cities. The median home price in Essex is $185,000, which is slightly below the national average of $215,000. In addition to its affordability, Essex also offers a range of amenities and services that contribute to its quality of life while keeping costs low.