Essex, MD is a great place to live with easy access to Baltimore and Washington DC. The cost of living in Essex is slightly lower than the national average. Rent for a two bedroom apartment in this town averages around $1,290 compared to the national average of $1,430. Grocery costs here are also on par with the national average.
Essex boasts many local businesses that contribute to its vibrant economy. Notable companies include Symantec Corporation, Appleby Systems Inc., and Aero Aggregates LLC. These businesses provide goods and services to both residents and visitors alike. Additionally, Essex has numerous healthcare providers including University of Maryland Community Medical Group and St Joseph Medical Center which offer quality medical care for all members of the community.
Essex has an unemployment rate of 6.0%. The US average is 6.0%.
Essex has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower 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 7.6%. 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 $25,288 a year. The US average is $28,555 a year.
- The Median household income of a Essex resident is $59,914 a year. The US average is $69,021 a year.