Cost of Living in Greenwich, CT
Population 63,505 · Connecticut · Data vintage 2023
(100 = US avg)
Housing prices in Greenwich cluster toward the top of the US distribution — a median of $1.6 million, roughly 5 times the national figure, consistent with markets dominated by nonresident and vacation-home buyers.
Greenwich sits roughly 5 miles west of Stamford — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 156% higher than Stamford's $614,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Greenwich
The median home value in Greenwich is $1,574,000 — 416% above the national median of $305,000. Median rent runs $2,482/month, 89% higher than the national median of $1,314/month. The median household income of $198,458/year is 166% higher than the US median of $74,580. The local unemployment rate is 5.9%, above the national average of 4.8%. Connecticut's top state income tax rate is 7.0% and the combined sales tax is 6.3%. The climate averages highs of 60.6°F and lows of 43.4°F. Overall, Greenwich has a cost of living index of 385 versus the US average of 100, meaning it is 285% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 37 | 40 | 48 | 59 | 69 | 78 | 83 | 81 | 74 | 63 | 52 | 42 |
| Low °F | 22 | 24 | 31 | 40 | 50 | 59 | 65 | 64 | 57 | 46 | 36 | 28 |
| Precip" | 3.20 | 2.53 | 4.11 | 4.20 | 3.94 | 4.25 | 4.07 | 4.36 | 4.94 | 4.33 | 3.64 | 4.18 |
Frequently Asked Questions
What is the cost of living in Greenwich, CT?
Greenwich has a cost index of 385 (100 = national average). It is 285% above the national average.
What is average rent in Greenwich, CT?
The median gross rent in Greenwich is $2,482 per month based on 2023 Census data.
What is the average home price in Greenwich?
The median home value in Greenwich is $1,574,000 according to 2023 Census ACS data.
What is the median income in Greenwich?
The median household income in Greenwich is $198,458 per year (2023 ACS 5-year estimates).
What is the sales tax in Greenwich, CT?
The combined state and local sales tax rate in Greenwich is 6.3%. The Connecticut state income tax top rate is 7.0%.
Is Greenwich, CT affordable?
Greenwich is above average in cost of living, with an index of 385 — about 285% higher than the national average.
What is the weather like in Greenwich?
Greenwich has average high temperatures of 60.6°F and average lows of 43.4°F. Annual precipitation is 47.8". Data from NOAA 1991–2020 Climate Normals.
Greenwich at a Glance
- Population
- 63,505
- Median Income
- $198,458
- Home Value
- $1,574,000
- Median Rent
- $2,482/mo
- Unemployment
- 5.9%
- Avg High Temp
- 60.6°F
- Sales Tax
- 6.3%
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