Old Greenwich, CT is a small town located within Fairfield County with a population of around 6,000 people. It has a charming small-town vibe and is highly regarded for its excellent schools and high quality of life. The cost of living in Old Greenwich is quite high compared to the national average. For instance, the 2 bedroom rent in Old Greenwich is $3,090 while the US 2 Bedroom Rent is only $1,430. Similarly, the Grocery Cost Index in Old Greenwich is 118 versus 100 in the US. There are many local companies that make up this vibrant community including boutique shops like KJ Men's Wear and Village Gourmet Market as well as popular chain restaurants like Bobby Q's BBQ & Grill and Cafe Azzurro Pizzeria Restaurant.
Old Greenwich has an unemployment rate of 8.2%. The US average is 6.0%.
Old Greenwich has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Old Greenwich
- The Sales Tax Rate for Old Greenwich is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Old Greenwich is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Old Greenwich
- The average income of a Old Greenwich resident is $115,502 a year. The US average is $28,555 a year.
- The Median household income of a Old Greenwich resident is $234,152 a year. The US average is $69,021 a year.