Housing costs in Essex Junction?
A typical home costs
$356,300, which is 5.4% more expensive than the national average of
$338,100 and 3.4% more expensive than the average Vermont home, at
$344,600. Renting a two-bedroom unit in Essex Junction costs
$1,680 per month, which is 17.5% more than the national average of
$1,430 and 23.2% more than the state average of
$1,290.
Can I afford Essex Junction?
To live comfortably in Essex Junction, Vermont, a minimum annual income of
$68,400 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Essex Junction?
Essex Junction, VT is an affordable place to live compared to many other areas of the United States. The cost of living index for Essex Junction, VT is 97.2, which is 3.8% lower than the U.S average. This means that the basic costs of goods and services in Essex Junction are slightly lower than the national average. Housing costs in particular are quite reasonable with a median home value of $232,900 and median rent of only $1142 per month. Additionally, transportation expenses are relatively low due to its convenient location near Burlington and also a lack of public transport options within Essex Junction itself. Overall, Essex Junction offers a comfortable living situation at an affordable price point for those looking to settle down in Vermont's beautiful Champlain Valley region.