Cost of Living in Essex County, MA

What does it cost to live in Essex County? Income, housing, and affordability breakdown.

Median Income

$94,378

Median Rent

$1,580/mo

Median Home

$535,300

Affordability

232

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$2,707
Property Tax$509
Insurance$178

Total Monthly$3,394
% of Income43.2%

Renting

Median Rent$1,580
Renter's Insurance$25

Total Monthly$1,605
% of Income20.1%

Living in Essex County, Massachusetts

Essex County has a median household income of $94,378 with housing costs that represent 43.2% of income for owners and 20.1% for renters. Housing costs exceed the recommended 30% threshold, suggesting affordability challenges.

The affordability index of 232 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Massachusetts

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.