What is the median household income in Essex Village, CT?

The median household income in Essex Village, CT is $102,885 (±$36,129) a year (2020–2024 American Community Survey).

Paying the median gross rent of $2,056 a month would take about $82,200 a year at the common guideline of spending no more than 30% of income on rent.

In Essex Village, the median household income went from $83,750 in 2015–2019 to $102,885 in 2020–2024 (+22.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median household income
$102,885 (±$36,129)
Median renter income
$112,849 (±$66,313)
Income to afford median rent
about $82,200

Income in Essex Village against Lower Connecticut River Valley Planning Region, its state and the nation

Income, estimate (90% margin of error)
Essex VillageLower Connecticut River Valley Planning RegionConnecticutUnited States
Median household income$102,885 (±$36,129)$104,428 (±$2,975)$95,781 (±$732)$80,734
Median renter household income$112,849 (±$66,313)$58,403 (±$5,185)$52,072 (±$906)$52,966
Median owner household income$96,786 (±$36,290)$125,318 (±$3,903)$125,125 (±$969)$100,009
Median gross rent$2,056 (±$836)$1,454 (±$44)$1,488 (±$10)$1,413

In Essex Village, median household income is not measurably different from Lower Connecticut River Valley Planning Region ($104,428).

It is not measurably different from Connecticut ($95,781).

It is not measurably different from the national figure ($80,734).

In Lower Connecticut River Valley Planning Region, Essex Village ranks 7 of 13 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 70 of 130.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How much you need to earn to rent in Essex Village

Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.

At that guideline, the median gross rent of $2,056 a month ($24,672 a year) needs an income of about $82,200 a year.

The median renting household in Essex Village earns $112,849 a year.

This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.

Income against housing costs since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median household income$83,750 (±$30,367)$102,885 (±$36,129)+22.8%No measurable change after inflation
Median gross rent$1,545 (±$919)$2,056 (±$836)+33.1%No measurable change after inflation
Median home value$447,200 (±$116,752)$751,900 (±$93,980)+68.1%Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median household income in places near Essex Village

Nearest places with a published estimate, compared with Essex Village
PlaceDistanceMedian household incomeCompared with this place
Essex Village—$102,885 (±$36,129)—
Deep River Center2.9 mi$71,447 (±$23,274)Not measurably different
Lyme4.3 mi$135,000 (±$21,753)Not measurably different
Old Saybrook4.4 mi$114,333 (±$16,577)Not measurably different
Deep River4.4 mi$90,253 (±$18,732)Not measurably different
Chester Center4.6 mi$89,375 (±$43,353)Not measurably different
Saybrook Manor5.1 mi$119,670 (±$33,830)Not measurably different
Old Saybrook Center5.2 mi$93,875 (±$15,603)Not measurably different
Old Lyme5.5 mi$131,899 (±$11,250)Not measurably different

None of the nearby places differs measurably from this one on this figure.

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median household income across Lower Connecticut River Valley Planning Region, place by place

RankPlaceMedian household income
1Durham (community)$152,396 (±$31,886)
2Higganum$127,759 (±$31,420)
3East Hampton (community)$123,929 (±$36,767)
4Saybrook Manor$119,670 (±$33,830)
5Lake Pocotopaug$118,150 (±$22,372)
6Moodus$103,457 (±$20,841)
7Essex Village$102,885 (±$36,129)
8Clinton (community)$102,750 (±$22,038)
9Old Saybrook Center$93,875 (±$15,603)
10Portland (community)$89,401 (±$20,821)
11Chester Center$89,375 (±$43,353)
12Westbrook Center$74,618 (±$30,082)
13Deep River Center$71,447 (±$23,274)

Essex Village is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

It lies inside Essex, whose figures include it.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Essex Village

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Essex Village beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Essex Village, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Essex Village, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Essex Village

What is the median household income in Essex Village?

The median household income in Essex Village is $102,885 (±$36,129) a year (2020–2024 American Community Survey).

How much do you need to make to afford rent in Essex Village?

About $82,200 a year, if rent is to stay at or below 30% of income at the median gross rent of $2,056 a month.

Have incomes in Essex Village kept up with inflation?

In Essex Village, the median household income went from $83,750 in 2015–2019 to $102,885 in 2020–2024 (+22.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

What do renters earn in Essex Village?

The median renting household in Essex Village, CT earns $112,849 (±$66,313) a year.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Essex Village CDP, Connecticut (place:26370, in state:09).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

Related