Housing costs in Essex?
A typical home costs
$738,300, which is 118.4% more expensive than the national average of
$338,100 and 32.5% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Essex costs
$2,220 per month, which is 55.2% more than the national average of
$1,430 and 3.6% more than the state average of
$2,140.
Can I afford Essex?
To live comfortably in Essex (zip 01929), Massachusetts, a minimum annual income of
$141,480 for a family, and
$72,800 for a single person is recommended.
What does A.I. say about Essex?
The cost of living in 01929 Essex, MA is relatively high compared to other areas in the state. The median home price in Essex is around $539,000, which is more than twice the national average. Rent prices are also expensive, with a median rent of $1,500 per month. Other basic costs of living such as groceries and transportation can also be pricey. Taxes are fairly high as well; however, they are offset by the quality of life offered in Essex and the surrounding area. Despite the higher costs, many people choose to live here for its access to quality education and recreation opportunities.