Essex, CT is a charming town located on the Connecticut River. It is known for its quaint amenities and peaceful atmosphere. The location makes it an ideal place to work and raise a family due to its close proximity to major cities such as Hartford and New Haven. The average two bedroom rent in Essex is $1,640 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Essex is 110 versus 100 in the US.
Essex has many wonderful attractions such as the historic Griswold Inn, which has been around since 1776 and is one of the oldest continuously operated inns in America. Essex also has several marinas along its coastline that offer boating excursions and fishing charters. Other local attractions include Valley Railway Museum and Selden Neck State Park which features picturesque hiking trails and great views of Long Island Sound. There are also numerous restaurants, breweries, shops, galleries and schools for children all within easy walking distance from downtown Essex.
Essex has an unemployment rate of 6.3%. The US average is 6.0%.
Essex has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Essex
- The Sales Tax Rate for Essex is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Essex is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Essex
- The average income of a Essex resident is $51,956 a year. The US average is $28,555 a year.
- The Median household income of a Essex resident is $91,618 a year. The US average is $69,021 a year.