Essex, MA is a vibrant and beautiful town located just north of Boston. It has plenty to offer its residents with shopping, dining, recreational activities, and more. The average rent for a two bedroom apartment in Essex is $2,210 which is significantly higher than the national average of $1,430. Additionally, the grocery cost index in Essex is 111 compared to 100 in the US which indicates that groceries are slightly more expensive in Essex. Some local companies to mention are Beezer Technology Solutions, Perk it Up Coffeehouse & Bistro, Blue Sky Building Maintenance and Noreast Architectural Antiques.
Essex has an unemployment rate of 7.4%. The US average is 6.0%.
Essex has seen the job market decrease by -9.4% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Essex
- The Sales Tax Rate for Essex is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Essex is 5.1%. 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 $53,186 a year. The US average is $37,638 a year.
- The Median household income of a Essex resident is $116,027 a year. The US average is $69,021 a year.