Quick facts: Essex junction, VT

Quick Facts

110.2
Cost of Living
above US average
10,917
Population
3.3
Crime Rate per 1000
below US average
$92,589
Median Income
above US average
$460,000
Median House Price
above US average
$2316.0
Average Rent
above US average
6%
Poverty Rate
below US average
2.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $92,589.

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Income Needed to Buy

βœ— Stretch
$144k/year
Based on $460,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $144k vs median $92,589
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Income Needed to Rent

⚠ Stretch
$99k/year
Based on $2316.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $99k vs median $92,589
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Essex junction, VT

Essex Junction is a charming village located within the town of Essex in Chittenden County, Vermont. Situated just a few miles southeast of Burlington, it offers a blend of suburban tranquility and convenient access to urban amenities. The area is known for its picturesque landscapes, including parks and natural reserves, which make it a great spot for outdoor activities like hiking, biking, and fishing. Essex Junction is home to a close-knit community and features a variety of local businesses, shops, and restaurants that reflect the town's unique character. The village celebrates local culture with events like the Essex Junction Farmers Market, where residents enjoy fresh produce and crafts. The education system is well-regarded, with local schools serving the community's families. Additionally, Essex Junction benefits from its proximity to the greater Burlington area, which offers a vibrant arts scene, additional dining options, and recreational opportunities along Lake Champlain. With its blend of community spirit, natural beauty, and access to broader city facilities, Essex Junction makes for an appealing destination for families and individuals alike.

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