Essex Village, CT vs Staples, CT

There is a significant gap in the cost of living between these two cities. Essex Village is 20% cheaper than Staples. With a cost index of 159 vs 199, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Essex Village to Staples should plan for substantially higher expenses across most categories.

On the housing front, median rent in Essex Village is $2,071/month compared to $2,142/month in Staples — a 3% difference. Home values follow the same pattern: Essex Village is more affordable at $744,100 median vs $1,202,800.

Median household income in Essex Village is $110,469 compared to $218,365 in Staples (-49.4%). While Staples is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Essex Village spend roughly 22.5% of their income on rent, more than the 11.8% in Staples.