Cost of Living in Essex, VT

Population 11,486 · Vermont · Data vintage 2023

128
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 Vermont 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 2.3% — below most comparable cities in the state.

Essex lies roughly 135 miles northwest of the nearest major metro, Manchester — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 25% higher than Manchester's $336,000.

Cost Overview

Housing 138
Rent 113

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

About the Cost of Living in Essex

The median home value in Essex is $422,000 — 38% above the national median of $305,000. Median rent runs $1,488/month, 13% higher than the national median of $1,314/month. The median household income of $98,864/year is 33% higher than the US median of $74,580. The local unemployment rate is 2.3%, below the national average of 4.8%. Vermont's top state income tax rate is 8.8% and the combined sales tax is 6.2%. The climate averages highs of 56.6°F and lows of 38.6°F, with about 87.5" of annual snowfall. Overall, Essex has a cost of living index of 128 versus the US average of 100, meaning it is 28% more expensive.

🏠 Housing

Median Home Value
$422,000
38% above avg
Median Rent
$1,488/mo
13% above avg
Price-to-Rent Ratio
23.6x
Favors renting
Property Tax Rate
1.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,380
1 BR
$1,476
2 BR
$1,936
3 BR
$2,491
4 BR
$2,567
Owner-occupied 76.3%
Renter-occupied 23.7%

💰 Estimated Monthly Budget

Rent median rent
$1,488
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,102/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
22.9 min
15% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
19.8%

Commute Mode

Drove alone
71.9%
Carpooled
6.3%
Walked
1.0%
Bicycle
0.3%
Work from home
19.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 8.8%
Total Sales Tax 6.2%
State rate 6.0%
Avg local rate 0.2%
Property Tax 1.9%

💼 Income & Employment

Median Household Income
$98,864
33% above avg
Per Capita Income
$51,746
Unemployment Rate
2.3%
52% below avg
Poverty Rate
6.5%
Labor Force Participation
56.0%

🎓 Education

Bachelor's degree+ 33.7%
Graduate degree 22.9%

👥 Demographics

Median Age 41.9
Male median age 41.1
Female median age 44.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
56.6°F
Avg Low
38.6°F
Annual Precip
37.5"
Annual Snowfall
87.5"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 293241556978828173594635
Low °F 131424364857626153423221
Precip" 2.131.772.243.073.764.264.063.543.673.832.702.50
Snow" 21.119.317.54.10.00.00.00.00.00.35.719.5

Frequently Asked Questions

What is the cost of living in Essex, VT?

Essex has a cost index of 128 (100 = national average). It is 28% above the national average.

What is average rent in Essex, VT?

The median gross rent in Essex is $1,488 per month based on 2023 Census data.

What is the average home price in Essex?

The median home value in Essex is $422,000 according to 2023 Census ACS data.

What is the median income in Essex?

The median household income in Essex is $98,864 per year (2023 ACS 5-year estimates).

What is the sales tax in Essex, VT?

The combined state and local sales tax rate in Essex is 6.2%. The Vermont state income tax top rate is 8.8%.

Is Essex, VT affordable?

Essex is above average in cost of living, with an index of 128 — about 28% higher than the national average.

What is the weather like in Essex?

Essex has average high temperatures of 56.6°F and average lows of 38.6°F. Annual precipitation is 37.5". Average annual snowfall is 87.5". Data from NOAA 1991–2020 Climate Normals.

Essex at a Glance

Population
11,486
Median Income
$98,864
Home Value
$422,000
Median Rent
$1,488/mo
Unemployment
2.3%
Avg High Temp
56.6°F
Sales Tax
6.2%
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🗺️ County data for Vermont

Explore county-level cost of living data

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