Greenwich, CT Cost Of Living
Cost Of Living In Greenwich, CT Summary
Cost of living in Greenwich research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Greenwich is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Connecticut, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Greenwich is 235, with 100 being the average.
The cost of living index in Greenwich is 2.4x higher than the national average.
Greenwich ranks as the #54 cheapest in Connecticut out of 56.
Greenwich ranks as the #6,412 cheapest out of 6,489 in the US.
The median home value in Greenwich is $2,117,006.
The median income in Greenwich is $136,154.
Table Of Contents
Greenwich's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Greenwich, CT?
According to the most recent data on the cost of living, Greenwich has an overall cost of living index of 235, which is 2.4x higher than the national index of 100.
Compared to Connecticut, Greenwich has a cost of living index that's 2.0x higher than Connecticut's index of 119.
The standard of living in Greenwich ranks as #54 most affordable out of the 56 places we measured in Connecticut. By definition, that implies Greenwich ranks as the #2 most expensive place in the Constitution State.
For more reading on life in Greenwich, check out:
In Connecticut
In America
Greenwich Cost Of Living Vs. Connecticut
Six factors go into calculating the cost of living index in Greenwich. Here is how it fairs on each of the criteria:
The Services index in Greenwich is 115.
The Groceries index in Greenwich is 106.
The Health index in Greenwich is 112.
The Housing index in Greenwich is 520.
The Transportation index in Greenwich is 103.
The Utilities index in Greenwich is 132.
| Living Expense | Greenwich | Connecticut | National Average | |
|---|---|---|---|---|
| Overall | 235 | 119 | 100 | |
| Services | 115 | 109 | 100 | |
| Groceries | 106 | 100 | 100 | |
| Health | 112 | 110 | 100 | |
| Housing | 520 | 137 | 100 | |
| Transportation | 103 | 101 | 100 | |
| Utilities | 132 | 131 | 100 | |
Greenwich, CT Housing Cost Breakdown
Housing swings affordability the most between places in Connecticut, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Greenwich is $2,117,006.
The Median Rent in Greenwich is $2,121.
The Median Income in Greenwich is $136,154.
The Home Value To Income in Greenwich is 15.5x.
The Rent To Monthly Income in Greenwich is 0.19x.
| Statistic | Greenwich | Connecticut | United States |
|---|---|---|---|
| Median Home Value | $2,117,006 | $430,086 | $303,400 |
| Median Rent | $2,121 | $1,431 | $1,348 |
| Median Income | $136,154 | $93,760 | $78,538 |
| Home Value To Income | 15.5x | 4.6x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Greenwich, CT Costs By Category
Detailed Greenwich Services Costs Vs. Connecticut
| Item | Greenwich | Connecticut |
|---|---|---|
| Shampoo | $1.5 | $1.28 |
| Movie | $13.76 | $12.13 |
| Bowling | $19.63 | $18 |
| Haircut | $32.33 | $24.26 |
| Beauty Salon | $48.56 | $45.56 |
Detailed Greenwich Groceries Costs Vs. Connecticut
| Item | Greenwich | Connecticut |
|---|---|---|
| Ground Beef | $6.34 | $5.84 |
| Fried Chicken | $1.61 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $5.03 | $4.93 |
| Pizza | $10.07 | $12.09 |
| Beer | $10.62 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Greenwich Health Costs Vs. Connecticut
| Item | Greenwich | Connecticut |
|---|---|---|
| Optometrist | $140.1 | $125.68 |
| Doctor | $143.23 | $135.78 |
| Dentist | $123.0 | $113.29 |
Detailed Greenwich Transportation Costs Vs. Connecticut
| Item | Greenwich | Connecticut |
|---|---|---|
| Gasoline | $3.33 | $3.46 |
| Tire Balancing | $57.68 | $59.92 |
Detailed Greenwich Utilities Costs Vs. Connecticut
| Item | Greenwich | Connecticut |
|---|---|---|
| All Electricity | $281.67 | $193.99 |
| Phone | $185.16 | $192.25 |
Greenwich SnackAbility
/10
Cost Of Living In Cities Around Greenwich
The cost of living varies in the cities and towns around Greenwich. Here's a quick look at the cost of living in the most populous nearby places:
Stamford, CT has a cost of living index of 159, 0.7x Greenwich.
Port Chester, NY has a cost of living index of 149, 0.6x Greenwich.
Harrison, NY has a cost of living index of 197, 0.8x Greenwich.
| City | Population | Cost Of Living | Vs. Greenwich |
|---|---|---|---|
| Stamford, CT | 135,806 | 159 | 0.7x |
| Port Chester, NY | 31,162 | 149 | 0.6x |
| Harrison, NY | 29,279 | 197 | 0.8x |
| Plainview, NY | 26,251 | 167 | 0.7x |
| Syosset, NY | 18,274 | 182 | 0.8x |
| North New Hyde Park, NY | 14,354 | 178 | 0.8x |
| Jericho, NY | 14,117 | 193 | 0.8x |
| Rye Brook, NY | 9,884 | 186 | 0.8x |
| Riverside, CT | 9,216 | 277 | 1.2x |
| Williston Park, NY | 7,508 | 170 | 0.7x |
