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These days, finding an affordable place to live in the Essex County area can be challenging. Home prices in Essex County are now at a median cost of $515,319, higher than the New Jersey average of $496,577.
The average cost of rent is $1,796/mo in Essex County, primarily driven by the current value of real estate in the Essex County area. In Essex County, 55.10% of households rent, and 35.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Essex County is $8,669 per month. Households that rent pay about 20.71% of their income on rent here. Essex County’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Hudson County, NJ: higher priced homes
- Union County, NJ: equally priced homes
- New York County, NY: higher priced homes
- Kings County, NY: higher priced homes
- Morris County, NJ: higher priced homes
- Bronx County, NY: equally priced homes
- Queens County, NY: higher priced homes
- Nassau County, NY: higher priced homes
- Warren County, NJ: less expensive homes
- Northampton County, PA: less expensive homes
Counties with Similar Populations
- Kern County, CA: less expensive homes
- Ventura County, CA: higher priced homes
- Pinellas County, FL: less expensive homes
- Fairfield County, CT: higher priced homes
- El Paso County, TX: less expensive homes
- San Francisco County, CA: higher priced homes
- Bergen County, NJ: higher priced homes
- Hidalgo County, TX: less expensive homes
- Pierce County, WA: equally priced homes
- Erie County, NY: less expensive homes
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