Essex, MI is a town located in southeast Michigan near Detroit. It is a small but thriving community with many local businesses that serve the area. The cost of living in Essex, MI is lower than the national average. Specifically, 2 bedroom rental costs are substantially lower at $910 versus $1,430 in the US. Additionally, grocery costs are 93 on the index compared to 100 in the US. Local companies that provide goods and services to Essex residents include Cousins Market for groceries, C&J Plumbing & Heating for home services and South East Carpet for flooring needs. Essex is a great place to live due to its affordability and abundance of local companies.
Essex has an unemployment rate of 4.3%. The US average is 6.0%.
Essex has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Essex
- The Sales Tax Rate for Essex is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Essex is 4.3%. 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 $26,432 a year. The US average is $28,555 a year.
- The Median household income of a Essex resident is $71,607 a year. The US average is $69,021 a year.