Housing costs in Old Lyme?
A typical home costs
$530,700, which is 57.0% more expensive than the national average of
$338,100 and 46.6% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Old Lyme costs
$1,760 per month, which is 23.1% more than the national average of
$1,430 and 5.7% more than the state average of
$1,660.
Can I afford Old Lyme?
To live comfortably in Old Lyme, Connecticut, a minimum annual income of
$101,520 for a family, and
$56,800 for a single person is recommended.
What does A.I. say about Old Lyme?
The cost of living in Old Lyme, CT is moderate compared to the rest of the United States. Housing costs are slightly higher than the national average, while groceries and health are slightly below. There is no state income tax in Connecticut so this helps to offset some of the higher prices in other areas. Overall, Old Lyme is an affordable place to live with a variety of housing options and amenities making it a desirable location for families and individuals alike.