Housing costs in Old Greenwich?
A typical home costs
$1,575,200, which is 365.9% more expensive than the national average of
$338,100 and 335.0% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Old Greenwich costs
$3,090 per month, which is 116.1% more than the national average of
$1,430 and 46.3% more than the state average of
$1,660.
Can I afford Old Greenwich?
To live comfortably in Old Greenwich, Connecticut, a minimum annual income of
$301,680 for a family, and
$100,800 for a single person is recommended.
What does A.I. say about Old Greenwich?
Old Greenwich, CT is a highly sought-after area to live due to its close proximity to New York City and its reputation as a safe and affluent community. With this status comes an increased cost of living, however. Home prices in Old Greenwich can be expensive; the median home value is about $1.3M, much higher than the U.S. average of around $200K. Renting also comes at a high price in Old Greenwich; the average monthly rent is around $2,350 per month, over double the national average of just over $1,000 per month. Grocery costs are slightly below the U.S. average but transportation costs are higher than the national average due to its close proximity to NYC and subsequent higher demand for public transportation services. All in all, while living in Old Greenwich may be expensive compared to other parts of America, it’s well worth it for many due to its excellent quality of life and proximity to NYC.