Greenwich, CT is a vibrant, affluent community located in Connecticut. It has been ranked as one of the most desirable places to live, based on its low crime rate and highly rated schools. Its residents enjoy access to many local amenities, including upscale restaurants and boutique shopping. Despite its higher cost of living, Greenwich offers many advantages for those who can afford it. Renting a two-bedroom apartment in Greenwich costs around $2,800 compared to the national average of $1,430. Groceries are also more expensive in Greenwich with an index score of 118 compared to 100 nationally.
The town of Greenwich is home to many successful companies such as Royal Charter Energy which provides commercial energy solutions and renewable energy options for businesses. The Ritch Group provides tailored investment advice while RJE Asset Management offers comprehensive financial planning services. For those looking for legal advice or representation there is Esdaile Barrett Jacobs & Mone with over 30 years experience helping clients with their legal needs. These are just a few examples of the many companies offering their services in the area.
Greenwich has an unemployment rate of 5.6%. The US average is 6.0%.
Greenwich has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Greenwich
- The Sales Tax Rate for Greenwich is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Greenwich is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Greenwich
- The average income of a Greenwich resident is $94,200 a year. The US average is $28,555 a year.
- The Median household income of a Greenwich resident is $180,447 a year. The US average is $69,021 a year.