Housing costs in Lyme?
A typical home costs
$612,900, which is 81.3% more expensive than the national average of
$338,100 and 69.3% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Lyme costs
$1,750 per month, which is 22.4% more than the national average of
$1,430 and 5.1% more than the state average of
$1,660.
Can I afford Lyme?
To live comfortably in Lyme, Connecticut, a minimum annual income of
$117,360 for a family, and
$56,400 for a single person is recommended.
What does A.I. say about Lyme?
The cost of living in Lyme, CT is higher than the average cost of living in the United States. The median home value in Lyme is $390,000, which is about 17% higher than the national median home value of $334,200. In addition, groceries and healthcare are 3% and 7% more expensive respectively compared to the rest of the nation. While rents are slightly lower than the overall US average, transportation costs are about 4% higher. All in all, while life in Lyme can be pricey, it’s worth it for those who love life near New England’s beautiful coastline.