Cost of Living in Essex Junction, VT

With a cost of living index of 110, Essex Junction, VT is somewhat more expensive than average. Living here is 10% more expensive than the national average and 18% above the Vermont state average of 92. Essex Junction is a smaller community of 10,720 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Essex Junction's cost of living. The median monthly rent is $1,439 (9% above the US median of $1,319), and the median home value sits at $376,800 (24% above the national median of $304,900). At current prices, the median home costs roughly 4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Essex Junction is $94,423, which is 26% higher than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Burlington-South Burlington, VT (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.