Cost of Living in Greens Farms, CT

Population 3,022 · Connecticut · Data vintage 2023

343
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Greens Farms sits 295% above the national median — $1.2 million for the typical home — but median household incomes near $250,001 (235% above the US figure) soften the blow that similar pricing creates in lower-wage metros. The labor market has been unusually tight, with unemployment around 0.7% — below most comparable cities in the state.

Greens Farms sits roughly 8 miles southwest of Bridgeport — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 377% higher than Bridgeport's $252,000.

Cost Overview

Housing 395
Rent 266

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Greens Farms

The median home value in Greens Farms is $1,204,200 — 295% above the national median of $305,000. Median rent runs $3,501/month, 166% higher than the national median of $1,314/month. The median household income of $250,001/year is 235% higher than the US median of $74,580. The local unemployment rate is 0.7%, below the national average of 4.8%. Connecticut's top state income tax rate is 7.0% and the combined sales tax is 6.3%. Overall, Greens Farms has a cost of living index of 343 versus the US average of 100, meaning it is 243% more expensive.

🏠 Housing

Median Home Value
$1,204,200
295% above avg
Median Rent
$3,501/mo
166% above avg
Price-to-Rent Ratio
28.7x
Favors renting
Property Tax Rate
2.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,133
1 BR
$1,306
2 BR
$1,653
3 BR
$1,992
4 BR
$2,363
Owner-occupied 88.0%
Renter-occupied 12.0%

💰 Estimated Monthly Budget

Rent median rent
$3,501
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $4,115/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
43.9 min
63% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
45.4%

Commute Mode

Drove alone
31.7%
Carpooled
5.3%
Public transit
15.5%
Work from home
45.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 7.0%
Total Sales Tax 6.3%
State rate 6.3%
Avg local rate 0.0%
Property Tax 2.1%

💼 Income & Employment

Median Household Income
$250,001
235% above avg
Per Capita Income
$118,820
Unemployment Rate
0.7%
86% below avg
Poverty Rate
3.5%
Labor Force Participation
60.2%

🎓 Education

Bachelor's degree+ 30.9%
Graduate degree 44.4%

👥 Demographics

Median Age 36.6
Male median age 43.3
Female median age 29.8

Frequently Asked Questions

What is the cost of living in Greens Farms, CT?

Greens Farms has a cost index of 343 (100 = national average). It is 243% above the national average.

What is average rent in Greens Farms, CT?

The median gross rent in Greens Farms is $3,501 per month based on 2023 Census data.

What is the average home price in Greens Farms?

The median home value in Greens Farms is $1,204,200 according to 2023 Census ACS data.

What is the median income in Greens Farms?

The median household income in Greens Farms is $250,001 per year (2023 ACS 5-year estimates).

What is the sales tax in Greens Farms, CT?

The combined state and local sales tax rate in Greens Farms is 6.3%. The Connecticut state income tax top rate is 7.0%.

Is Greens Farms, CT affordable?

Greens Farms is above average in cost of living, with an index of 343 — about 243% higher than the national average.

Greens Farms at a Glance

Population
3,022
Median Income
$250,001
Home Value
$1,204,200
Median Rent
$3,501/mo
Unemployment
0.7%
Sales Tax
6.3%
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Explore county-level cost of living data

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