Old Greenwich cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexOld GreenwichConnecticutNational
Cost of living index271124100
IndexOld GreenwichConnecticutNational
Goods & Services index123123100
Groceries index110108100
Health care index117112100
Housing index621137100
Transportation index124114100
Utilities index123129100
A general overview of the cost of living index for Old Greenwich, CT is displayed above. In Old Greenwich, CT, the overall cost of living index is 271, which is 117% higher than the Connecticut average and 171% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Old Greenwich, CT, the city's goods and services are equal to the Connecticut average and 23% higher than the U.S. average.
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Did you know?

  • The cost of living in Old Greenwich is 117% higher than the Connecticut average.
  • The cost of living in Old Greenwich is 171% higher than the national average.
  • The cost of housing in Old Greenwich is 521% higher than the national average.
  • Connecticut general sales tax is 25% higher than the national average.
  • Connecticut state income tax is 35% higher than the national average.

Compare Old Greenwich, CT Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Old Greenwich, CT to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Old Greenwich, CT, you have to earn a higher income in order to still have the same standard of living. To operate the Old Greenwich, CT salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The affordability of the housing market in Old Greenwich, CT as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Old Greenwich, CT homeowners, the median income is $222,344. This indicates that a monthly maximum of $5,188 should be spent by homeowners on all housing related costs. Renters have a median income of $250,001. This indicates that renters should have a maximum of $5,833 used for their rent related monthly costs.

Connecticut Sales Tax

StateGeneral Sales TaxWith Max Surtax

Connecticut Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Old Greenwich, CT, it's important to take into account the sales tax for Connecticut, as well as the rate for income tax in Connecticut. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Connecticut is 6.35%, and the sales tax in the state of Connecticut is 6.35%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Connecticut starts from 3% and goes up to 6.99%.

Goods & Services

ItemOld GreenwichNational avg.Difference
Haircut $30.60$17.4975.0%
Beauty Salon $59.00$38.1754.6%
Toothpaste $2.05$2.3211.7%
Shampoo $0.96$1.015.1%
Movie $13.90$10.7229.6%
Bowling $17.00$13.8622.6%


ItemOld GreenwichNational avg.Difference
Ground Beef $4.57$3.9017.2%
Fried Chicken $1.89$1.4035.4%
Milk $2.15$1.969.6%
Potatoes $3.99$3.1825.4%
Pizza $9.39$10.399.7%
Beer $9.89$9.237.2%

Health Care

ItemOld GreenwichNational avg.Difference
Optometrist $133.00$106.3425.1%
Doctor $128.00$115.2511.1%
Dentist $131.00$98.3833.2%
Ibuprofen $7.95$9.2614.2%
Lipitor $511.40$466.479.6%


ItemOld GreenwichNational avg.Difference
Home Price $1,423,800.00$184,700.00670.9%
Avg. Mortgage Payment $2,098.87$1,273.3264.8%
Apartment Rent $2,568.00$949.00170.6%


ItemOld GreenwichNational avg.Difference
Gasoline $2.98$2.5914.9%
Tire Balancing $69.96$48.9043.1%


ItemOld GreenwichNational avg.Difference
All Electricity$242.33$167.6044.6%
Phone $174.02$163.426.5%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Cannondale, CT9212020%
Greenville CDP (Greene County), NY6041055%
Hartsdale, NY5,41413131%
Mount Vernon, NY68,21713030%
Greenlawn, NY14,20813939%
Old Greenwich, CT7,000271171%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Russellville, KY6,99883-17%
Pelham, NY6,99616666%
Inwood, FL6,99581-19%
Idabel, OK7,00778-22%
Linwood, NJ7,00912323%
Old Greenwich, CT7,000271171%
Source: The Old Greenwich, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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