Housing costs in Essex?
A typical home costs
$498,800, which is 47.5% more expensive than the national average of
$338,100 and 15.4% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Essex costs
$1,610 per month, which is 12.6% more than the national average of
$1,430 and 6.2% cheaper than the state average of
$1,710.
Can I afford Essex?
To live comfortably in Essex New Jer County, New Jersey, a minimum annual income of
$95,400 for a family, and
$53,600 for a single person is recommended.
What does A.I. say about Essex?
Essex, NJ County has a higher median house value than the national average at $498,800. This is indicative of a higher cost of living in the county, which is 135 – significantly greater than the national average of 100. Housing costs make up a large portion of the cost of living and can be difficult to keep up with in this kind of market. However, this also means that Essex has an abundance of amenities and services that are more expensive than their counterparts elsewhere in the US.