Old Greenwich, CT Cost Of Living
Cost Of Living In Old Greenwich, CT Summary
Cost of living in Old 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 Old 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 Old Greenwich is 281, with 100 being the average.
The cost of living index in Old Greenwich is 2.8x higher than the national average.
Old Greenwich ranks as the #56 cheapest in Connecticut out of 56.
Old Greenwich ranks as the #6,454 cheapest out of 6,489 in the US.
The median home value in Old Greenwich is $2,090,530.
The median income in Old Greenwich is $250,001.
Table Of Contents
Old Greenwich's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Old Greenwich, CT?
According to the most recent data on the cost of living, Old Greenwich has an overall cost of living index of 281, which is 2.8x higher than the national index of 100.
Compared to Connecticut, Old Greenwich has a cost of living index that's 2.4x higher than Connecticut's index of 119.
The standard of living in Old Greenwich ranks as #56 most affordable out of the 56 places we measured in Connecticut. By definition, that implies Old Greenwich ranks as the #0 most expensive place in the Constitution State.
For more reading on life in Old Greenwich, check out:
In Connecticut
In America
Old Greenwich Cost Of Living Vs. Connecticut
Six factors go into calculating the cost of living index in Old Greenwich. Here is how it fairs on each of the criteria:
The Services index in Old Greenwich is 111.
The Groceries index in Old Greenwich is 107.
The Health index in Old Greenwich is 109.
The Housing index in Old Greenwich is 678.
The Transportation index in Old Greenwich is 103.
The Utilities index in Old Greenwich is 133.
| Living Expense | Old Greenwich | Connecticut | National Average | |
|---|---|---|---|---|
| Overall | 281 | 119 | 100 | |
| Services | 111 | 109 | 100 | |
| Groceries | 107 | 100 | 100 | |
| Health | 109 | 110 | 100 | |
| Housing | 678 | 137 | 100 | |
| Transportation | 103 | 101 | 100 | |
| Utilities | 133 | 131 | 100 | |
Old 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 Old Greenwich is $2,090,530.
The Median Rent in Old Greenwich is $3,501.
The Median Income in Old Greenwich is $250,001.
The Home Value To Income in Old Greenwich is 8.4x.
The Rent To Monthly Income in Old Greenwich is 0.17x.
| Statistic | Old Greenwich | Connecticut | United States |
|---|---|---|---|
| Median Home Value | $2,090,530 | $430,086 | $303,400 |
| Median Rent | $3,501 | $1,431 | $1,348 |
| Median Income | $250,001 | $93,760 | $78,538 |
| Home Value To Income | 8.4x | 4.6x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Old Greenwich, CT Costs By Category
Detailed Old Greenwich Services Costs Vs. Connecticut
| Item | Old 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 Old Greenwich Groceries Costs Vs. Connecticut
| Item | Old 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 Old Greenwich Health Costs Vs. Connecticut
| Item | Old Greenwich | Connecticut |
|---|---|---|
| Optometrist | $140.1 | $125.68 |
| Doctor | $143.23 | $135.78 |
| Dentist | $123.0 | $113.29 |
Detailed Old Greenwich Transportation Costs Vs. Connecticut
| Item | Old Greenwich | Connecticut |
|---|---|---|
| Gasoline | $3.33 | $3.46 |
| Tire Balancing | $57.68 | $59.92 |
Detailed Old Greenwich Utilities Costs Vs. Connecticut
| Item | Old Greenwich | Connecticut |
|---|---|---|
| All Electricity | $281.67 | $193.99 |
| Phone | $185.16 | $192.25 |
Old Greenwich SnackAbility
/10
Cost Of Living In Cities Around Old Greenwich
The cost of living varies in the cities and towns around Old 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, 0.6x Old Greenwich.
Port Chester, NY has a cost of living index of 149, 0.5x Old Greenwich.
Plainview, NY has a cost of living index of 167, 0.6x Old Greenwich.
| City | Population | Cost Of Living | Vs. Old Greenwich |
|---|---|---|---|
| Stamford, CT | 135,806 | 159 | 0.6x |
| Port Chester, NY | 31,162 | 149 | 0.5x |
| Plainview, NY | 26,251 | 167 | 0.6x |
| Syosset, NY | 18,274 | 182 | 0.6x |
| Greenwich, CT | 14,528 | 235 | 0.8x |
| North New Hyde Park, NY | 14,354 | 178 | 0.6x |
| Jericho, NY | 14,117 | 193 | 0.7x |
| Rye Brook, NY | 9,884 | 186 | 0.7x |
| Riverside, CT | 9,216 | 277 | 1.0x |
| Williston Park, NY | 7,508 | 170 | 0.6x |
