D+
Overall 3%
Goods & Services 5%
Housing 1%
Date & Last Updated: This data reflects 2020 and was released from C2ER in January, 2021; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexEssexMarylandNational
Cost of living103121100
Goods & Services105110100
Groceries113113100
Health care8485100
Housing99150100
Transportation101108100
Utilities105108100

Key findings

  • The cost of living in Essex is 15% lower than the Maryland average
  • The cost of living in Essex is 3% higher than the national average
  • Essex housing is 1% lower than the national average
  • Maryland general sales tax is 18% higher than the national average
  • Maryland state income tax is 19% lower than the national average

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Compare Essex, MD Cost of Living

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$69,420$5,785$1,620$2,083
      Renters$34,401$2,867$803$1,032
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Essex, MD, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Essex homeowners, is $69,420. This would allow for a maximum of $1,620 per month to be spent on housing costs. For renters, the median monthly income is $34,401 which would result in a maximum of $803 to be spent on rental costs.

      Maryland Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Maryland6%6%

      Maryland Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Maryland2%5.75%

      Goods & Services

      ItemEssexNational avg.Difference
      Haircut $22.28$18.6219.6%
      Beauty Salon $52.83$39.0535.3%
      Toothpaste $4.47$2.3491.1%
      Shampoo $1.00$1.065.4%
      Movie $13.19$10.6823.5%
      Bowling $17.08$14.6716.4%

      Groceries

      ItemEssexNational avg.Difference
      Ground Beef $4.27$4.221.1%
      Fried Chicken $1.66$1.3919.8%
      Milk $2.39$2.0516.6%
      Potatoes $4.10$3.2924.7%
      Pizza $11.99$10.6212.9%
      Beer $9.19$9.382.0%

      Health Care

      ItemEssexNational avg.Difference
      Optometrist $82.95$108.5723.6%
      Doctor $93.69$116.1719.4%
      Dentist $84.98$99.1314.3%
      Ibuprofen $9.62$9.680.6%
      Lipitor $370.40$466.9220.7%

      Housing

      ItemEssexNational avg.Difference
      Home Price $181,200.00$184,700.001.9%
      Avg. Mortgage Payment $1,373.24$1,197.4214.7%
      Apartment Rent $965.00$949.001.7%

      Transportation

      ItemEssexNational avg.Difference
      Gasoline $2.15$2.223.4%
      Tire Balancing $54.77$50.079.4%

      Utilities

      ItemEssexNational avg.Difference
      All Electricity$176.72$167.675.4%
      Phone $192.13$175.649.4%
      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.
      Dundalk, MD62,33799-1%
      Baltimore, MD621,0001000%
      Edesville, MD2101011%
      Lansdowne, MD8,3651011%
      Middle River, MD26,6311022%
      Essex, MD38,9551033%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Hallandale Beach, FL38,9511022%
      Oakley, CA38,96813232%
      Annapolis, MD39,00913030%
      Weslaco, TX39,02175-25%
      Tupelo, MS38,85683-17%
      Essex, MD38,9551033%
      Source: The Essex, MD cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020.