Cost of Living in Essex County, NJ

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

Median Income

$73,785

Median Rent

$1,404/mo

Median Home

$466,500

Affordability

184

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$2,359
Property Tax$832
Insurance$156

Total Monthly$3,347
% of Income54.4%

Renting

Median Rent$1,404
Renter's Insurance$25

Total Monthly$1,429
% of Income22.8%

Living in Essex County, New Jersey

Essex County has a median household income of $73,785 with housing costs that represent 54.4% of income for owners and 22.8% for renters. Housing costs exceed the recommended 30% threshold, suggesting affordability challenges.

The affordability index of 184 (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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Family and education

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.