Affordable

What Salary Do You Need to Live in Essex Junction?

To afford a 2-bedroom in Essex Junction, you need to earn at least $71,000/year based on estimated fair market rent data. The median household income here is $92,589, which means the typical resident is $21,589 above the threshold.

Census ACS Data Pop. 10,646

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$1,243	$4,143	$49,720	$-42,869
1 Bedroom	$1,473	$4,910	$58,920	$-33,669
2 Bedroom BENCHMARK	$1,775	$5,917	$71,000	$-21,589
3 Bedroom	$2,166	$7,220	$86,640	$-5,949
4 Bedroom	$2,663	$8,877	$106,520	+$13,931

Affordability Breakdown

Where the required salary line crosses above Essex Junction's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$92,589

Annual household

2BR Required Salary

$71,000

Under 30% rule

Income Gap

+$21,589

Surplus

Verdict

Affordable

Ratio: 23.0%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Essex Junction

Your Annual Salary

Pre-filled with Essex Junction's median household income

Max monthly rent you can afford$2,315

Studio

$1,243/mo

1 BR

$1,473/mo

2 BR

$1,775/mo

3 BR

$2,166/mo

4 BR

$2,663/mo

Your salary is $0 above the median income in Essex Junction.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Essex Junction's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Essex Junction

Essex Junction, Vermont stands out as one of the more financially accessible housing markets in the state. The median household income of $92,589 significantly exceeds the $71,000 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $21,589 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Essex Junction, a studio at $1,243/month offers an even more aggressive savings rate. Even a 3-bedroom at $2,166/month remains accessible for dual-income households earning above $86,640.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $106,500 would position you well — though many residents in Essex Junction manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Essex Junction, Vermont.

With a total population of 10,646, the city supports an active civilian workforce of 6,120 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $71,000 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

6,120

Active civilian employees in Essex Junction

Frequently Asked Questions About Renting in Essex Junction

What salary do I need to live in Essex Junction, Vermont?

To afford a 2-bedroom in Essex Junction under the 30% rule, you need an annual salary of at least $71,000. The median household income in Essex Junction is $92,589.

Can I afford a 2-bedroom in Essex Junction on $92,589?

The affordability verdict for Essex Junction is "Affordable". The rent-to-income ratio is 23.0%, meaning median earners have a $21,589 surplus.

What is the average rent in Essex Junction compared to median income?

The median gross rent in Essex Junction is $1,473/month. With a median household income of $92,589, residents spend approximately 23.0% of their income on rent.

What salary do I need for a studio in Essex Junction?

A studio in Essex Junction rents for approximately $1,243/month. Under the 30% rule, you need an annual salary of $49,720 to afford this.

Is Essex Junction considered an affordable place to live?

Based on the surplus of $21,589 and an affordability verdict of "Affordable", Essex Junction is considered a affordable rental market when comparing the required 2-bedroom salary of $71,000 to the local median household income.

How Essex Junction Compares

Other cities in Vermont with salary requirements