Essex Junction, VT

Above Avg · 113

Vermont · Population 10,720 · Updated March 2026

$1,439
Median Rent / Month
$94,423
Median Income
$376,800
Median Home Value
$1,748
Owner Costs / Month

Affordability

How far your income goes in Essex Junction

18.3%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Vermont

State-level tax rates that affect your costs

8.75%
Income Tax (Top Rate)
6.0%
Sales Tax
1.9%
Property Tax Rate

Estimated Annual Costs

$17,268
Annual Rent
$8,262
State Income Tax
$7,159
Property Tax (est.)

Cost of Living Overview

Essex Junction is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 113 (where 100 equals the national median), Essex Junction residents can expect to pay median rent of $1,439/month while earning a median household income of $94,423/year.

The median home value in Essex Junction, VT is $376,800, with typical monthly owner costs around $1,748 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.3% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Vermont's top income tax rate of 8.75% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.0% sales tax rate and 1.9% effective property tax rate, the overall tax environment is a factor in the total cost of living in Essex Junction.

Frequently Asked Questions

Common questions about living costs in Essex Junction

What is the cost of living in Essex Junction, VT?
The cost of living index in Essex Junction, VT is 113 (US average = 100). Median monthly rent is $1,439, median household income is $94,423/year, and the median home value is $376,800.
Is Essex Junction, VT affordable?
No, Essex Junction is more expensive than the national average with a cost index of 113. The rent-to-income ratio is 18.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Essex Junction, VT?
The median gross rent in Essex Junction, VT is $1,439 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,268.
What is the median household income in Essex Junction?
The median household income in Essex Junction, VT is $94,423 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Vermont?
Vermont has a top income tax rate of 8.75%, a sales tax of 6.0%, and an effective property tax rate of 1.9%.