Cost of Living in Essex, CT

Population 6,766 · Connecticut · Data vintage 2023

156
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Essex sits on the smaller end of the Connecticut city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. The labor market has been unusually tight, with unemployment around 1.8% — below most comparable cities in the state.

Geographically, Essex is about 25 miles east of New Haven, the nearest large metro. Median home values run roughly 117% higher than New Haven's $249,000.

Cost Overview

Housing 177
Rent 125

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Essex

The median home value in Essex is $539,300 — 77% above the national median of $305,000. Median rent runs $1,637/month, 25% higher than the national median of $1,314/month. The median household income of $100,767/year is 35% higher than the US median of $74,580. The local unemployment rate is 1.8%, below the national average of 4.8%. Connecticut's top state income tax rate is 7.0% and the combined sales tax is 6.3%. The climate averages highs of 59.4°F and lows of 43.5°F. Overall, Essex has a cost of living index of 156 versus the US average of 100, meaning it is 56% more expensive.

🏠 Housing

Median Home Value
$539,300
77% above avg
Median Rent
$1,637/mo
25% above avg
Price-to-Rent Ratio
27.5x
Favors renting
Property Tax Rate
2.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,286
1 BR
$1,294
2 BR
$1,680
3 BR
$2,192
4 BR
$2,821
Owner-occupied 77.5%
Renter-occupied 22.5%

💰 Estimated Monthly Budget

Rent median rent
$1,637
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,251/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
23.6 min
13% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
19.3%

Commute Mode

Drove alone
72.7%
Carpooled
3.7%
Public transit
0.5%
Walked
3.9%
Work from home
19.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 7.0%
Total Sales Tax 6.3%
State rate 6.3%
Avg local rate 0.0%
Property Tax 2.1%

💼 Income & Employment

Median Household Income
$100,767
35% above avg
Per Capita Income
$68,244
Unemployment Rate
1.8%
64% below avg
Poverty Rate
3.4%
Labor Force Participation
56.6%

🎓 Education

Bachelor's degree+ 32.0%
Graduate degree 23.8%

👥 Demographics

Median Age 52.5
Male median age 47.4
Female median age 54.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
59.4°F
Avg Low
43.5°F
Annual Precip
39.3"
20° 35° 50° 65° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 384047566574807974635344
Low °F 232531394958656457463729
Precip" 2.682.203.823.583.313.303.243.323.833.663.243.13

Frequently Asked Questions

What is the cost of living in Essex, CT?

Essex has a cost index of 156 (100 = national average). It is 56% above the national average.

What is average rent in Essex, CT?

The median gross rent in Essex is $1,637 per month based on 2023 Census data.

What is the average home price in Essex?

The median home value in Essex is $539,300 according to 2023 Census ACS data.

What is the median income in Essex?

The median household income in Essex is $100,767 per year (2023 ACS 5-year estimates).

What is the sales tax in Essex, CT?

The combined state and local sales tax rate in Essex is 6.3%. The Connecticut state income tax top rate is 7.0%.

Is Essex, CT affordable?

Essex is above average in cost of living, with an index of 156 — about 56% higher than the national average.

What is the weather like in Essex?

Essex has average high temperatures of 59.4°F and average lows of 43.5°F. Annual precipitation is 39.3". Data from NOAA 1991–2020 Climate Normals.

Essex at a Glance

Population
6,766
Median Income
$100,767
Home Value
$539,300
Median Rent
$1,637/mo
Unemployment
1.8%
Avg High Temp
59.4°F
Sales Tax
6.3%
View all cities in Connecticut →
🗺️ County data for Connecticut

Explore county-level cost of living data

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