Baltimore County · Maryland · South · 41k residents
Essex, MD: economy, jobs & business costs
The site-selection read on Essex: labor costs, talent, corporate tax, energy, and business activity, with the Maryland median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,417/wk. Maryland's corporate income tax rate is 8.25%. Commercial electricity averages 13.0¢/kWh.
Compare Essex side by side
Avg. weekly wage
$1,417/wk
Corporate income tax
8.25%
Bachelor's degree or higher
19.9%
Commercial electricity
13.0¢/kWh
Economic momentum
How fast Essex's economy is moving, ranked against the US cities we track.
8/100
Cooling
Ranks Essex's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $258,900 |
| Price per sq. ft. | $250 |
| Property tax rate | 1.05% |
| 1-bedroom rent | $1,096/mo |
| 2-bedroom rent | $1,340/mo |
| State & local income tax | 7.4% |
| Sales tax | 6% |
| Corporate income tax | 8.25% |
| Avg. weekly wage | $1,417/wk |
| Bachelor's degree or higher | 19.9% |
| Commercial electricity | 13.0¢/kWh |
| Businesses per 1k residents | 27.9/1k |
| Wage: Software developer | $138,900 |
| Wage: Registered nurse | $99,550 |
| Wage: General manager | $117,040 |
| Wage: Customer service | $42,850 |
| Wage: Warehouse worker | $38,630 |
| Wage: Heavy truck driver | $59,460 |
| Wage: Electrician | $65,590 |
| Wage: Retail salesperson | $34,800 |
| Cost of living index | 97 |
| Groceries index | 105 |
| Utilities | $190/mo |
| Transit pass | $77/mo |
| Gas price | $3.35/gal |
| Healthcare index | 100 |
| Childcare (per child) | $1,400/mo |
| Median household income | $67,168 |
| Unemployment rate | 2.8% |
| Population | 41k |
| Crime index | 52/100 |
| School rating | 6.2/10 |
| Walkability | 30/100 |
| Disaster risk | 94/100 |
| Avg. commute | 32 min |
| Sunny days / year | 213 days |
| July high | 90°F |
| January low | 30°F |
| Annual snowfall | — |
| Home price YoY | +1.1% |
| Home price MoM | -0.1% |
| Rent YoY | +4.6% |
| Rent MoM | +0.9% |
| Employment (jobs) YoY | -1.4% |
| Building permits YoY | — |
| Ocean coast | 84 mi |
| Big lake | 207 mi |
| Mountains | 115 mi |
| Major airport | 15 mi |
| Ski resort | 133 mi |
Popular comparisons
Nearby
- Middle River, MD · 32k
- Rosedale, MD · 20k
- Rossville, MD · 16k
- Dundalk, MD · 66k
- Perry Hall, MD · 29k
Similar size
- Annapolis, MD · 41k
- Woodlawn CDP (Baltimore County), MD · 40k
- Severna Park, MD · 40k
- Clinton, MD · 38k
- Catonsville, MD · 43k
Real listings in Essex
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Essex a good place to run a business?
- Maryland's corporate income tax rate is 8.25%; average weekly wages in the surrounding labor market run $1,417/wk; commercial electricity averages 13.0¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Essex, MD?
- Essex indexes at 97 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,340/mo and a acs median home value of $258,900.
- How much does a house cost in Essex?
- The acs median home value in Essex is $258,900 (Census ACS estimate; individual listings vary).
- How much is rent in Essex?
- A two-bedroom in Essex rents for about $1,340/mo.