Essex Junction cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexEssex JunctionVermontNational
Cost of living index119113100
IndexEssex JunctionVermontNational
Goods & Services index106106100
Groceries index109109100
Health care index107107100
Housing index135115100
Transportation index128128100
Utilities index123123100
Here we can see a simple outline of the cost of living in Essex Junction, VT. As you can see, with the average cost of living in Essex Junction, VT being 119, that puts it 5% higher than the average of Vermont and 19% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Essex Junction, VT, the price of goods and services are equal to the average of Vermont as well as 6% higher than the nation's average.

Did you know?

  • The cost of living in Essex Junction is 5% higher than the Vermont average.
  • The cost of living in Essex Junction is 19% higher than the national average.
  • The cost of housing in Essex Junction is 35% higher than the national average.
  • Vermont general sales tax is 18% higher than the national average.
  • Vermont state income tax is 60% higher than the national average.

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Salary Calculator

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Health care index
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Transportation index
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The salary calculator allows you to compare how much your current salary in Essex Junction, VT would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Essex Junction, VT, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Essex Junction, VT salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$81,397$6,783$1,899$2,442
Renters$33,759$2,813$788$1,013
One can approximate the cost of living and the housing affordability in Essex Junction, VT by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Essex Junction, VT have a median income of $81,397. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,899 per month to avoid calamity and poverty. The renters in the city have an income of about $33,759, which would make their monthly maximum allowable rental costs $788.

Vermont Sales Tax

StateGeneral Sales TaxWith Max Surtax
Vermont6%7%

Vermont Income Tax

StateIncome Tax (Low)Income Tax (High)
Vermont3.55%8.95%
When you are determining the total cost of living in Essex Junction, VT you will want to make sure you consider both the Vermont sales tax and the Vermont income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Vermont is 6%, with the highest surtax being 7%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Vermont have a range from 3.55% to 8.95%.

Goods & Services

ItemEssex JunctionNational avg.Difference
Haircut $19.12$14.5931.0%
Beauty Salon $45.50$34.6831.2%
Toothpaste $2.09$2.4715.5%
Shampoo $1.09$1.026.7%
Movie $10.53$9.876.7%
Bowling $4.67$4.396.3%

Groceries

ItemEssex JunctionNational avg.Difference
Ground Beef $4.56$4.481.9%
Fried Chicken $1.84$1.4625.7%
Milk $2.79$2.3618.4%
Potatoes $3.99$3.0630.3%
Pizza $8.00$9.2413.4%
Beer $8.74$8.631.2%

Health Care

ItemEssex JunctionNational avg.Difference
Optometrist $128.10$99.7828.4%
Doctor $113.84$105.038.4%
Dentist $94.00$88.706.0%
Ibuprofen $9.66$9.412.6%
Lipitor $311.23$298.504.3%

Housing

ItemEssex JunctionNational avg.Difference
Home Price $250,300.00$175,700.0042.5%
Avg. Mortgage Payment $1,714.70$1,081.0358.6%
Apartment Rent $1,068.00$920.0016.1%

Transportation

ItemEssex JunctionNational avg.Difference
Gasoline $2.68$2.0928.1%
Tire Balancing $58.28$45.2928.7%

Utilities

ItemEssex JunctionNational avg.Difference
All Electricity$234.61$170.8037.4%
Phone $28.84$28.262.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Willsboro, NY67696-4%
Cambridge, VT2001099%
Hinesburg, VT85311010%
Jeffersonville, VT81611010%
Milton, VT1,36311313%
Essex Junction, VT9,55211919%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Amityville, NY9,55114343%
Sumner, WA9,54811212%
Lake Monticello, VA9,54711111%
Redlands, CO9,54611313%
Warren, PA9,54380-20%
Essex Junction, VT9,55211919%
Source: The Essex Junction, VT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.