Housing costs in Greenwich?
A typical home costs
$1,724,300, which is 410.0% more expensive than the national average of
$338,100 and 376.2% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Greenwich costs
$2,750 per month, which is 92.3% more than the national average of
$1,430 and 39.6% more than the state average of
$1,660.
Can I afford Greenwich?
To live comfortably in Greenwich (zip 06831), Connecticut, a minimum annual income of
$330,480 for a family, and
$89,600 for a single person is recommended.
What does A.I. say about Greenwich?
The cost of living in 06831 Greenwich, CT is quite high. According to BestPlaces, the cost of living index in Greenwich is 149.41, more than 33% higher than the national average of 100. Housing costs are particularly expensive in Greenwich with a median home price of $1,427,800 and an average rent for a one-bedroom apartment of $2,169 per month. Groceries also cost significantly more, with 1 liter of milk costing nearly 40% more than the national average and bread at double the national price. Although public transportation is available, most people in Greenwich opt to drive their own vehicles due to the high prices of taxi services. Overall, living in 06831 Greenwich can be quite costly but can be worth it for those who are able to afford it.