Housing costs in East Lyme?
A typical home costs
$452,200, which is 33.7% more expensive than the national average of
$338,100 and 24.9% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in East Lyme costs
$1,710 per month, which is 19.6% more than the national average of
$1,430 and 2.9% more than the state average of
$1,660.
Can I afford East Lyme?
To live comfortably in East Lyme, Connecticut, a minimum annual income of
$86,760 for a family, and
$55,200 for a single person is recommended.
What does A.I. say about East Lyme?
The cost of living in East Lyme, CT is relatively affordable compared to the rest of the state. Prices for housing and other living expenses are lower than in many neighboring towns, making it an attractive option for families and individuals looking for a more cost-effective place to live. Groceries, basic clothing items, and other everyday goods are also reasonably priced. Although taxes may be slightly higher here than in some nearby areas, overall the cost of living is still quite reasonable.