salaryRent here is among the highest 10% in the country. Household incomes are higher than in 99% of U.S. cities. A typical house costs about 7.4 years of household income, so buying is hard for most locals. Commutes are long, about 34.7 minutes each way. Most homes (86.3%) are owned, so rentals can be hard to find. It is a highly educated city: 85.4% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $140,040 a year. That is $67 an hour at a full-time job.
Is rent cheaper than other Connecticut cities?
No. Rent here is more expensive than in most of Connecticut. It is number 61 of 64 cities from cheapest to most expensive.
How much do households earn in Old Greenwich?
Share of households by yearly income. 72.8% of households earn $100,000 or more.
Rent by apartment size in Old Greenwich
| Size | Old Greenwich | U.S. average |
|---|---|---|
| 1 bedroom | $2,900 | $1,324 |
| 2 bedrooms | $3,816 | $1,509 |
| 3 bedrooms | $3,500+ | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Old Greenwich overall?
Everyday prices in Connecticut overall are 4% above the U.S. average (index 103.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Old Greenwich, so the Connecticut figure is shown.
Taxes and bills in Old Greenwich
Life in Old Greenwich
Is it cheaper to rent or buy in Old Greenwich?
Renting is cheaper right now: about $9,299 a month less.
Owning assumes a typical $1,844,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $184,470 for the down payment.
Frequently asked questions
What is the average rent in Old Greenwich, CT?
Renting in Old Greenwich costs a median of about $3,500+ a month in 2026, including utilities. The Connecticut median is $1,920.
How much do I need to make to live in Old Greenwich?
To keep rent under 30% of income, you need about $140,040 a year, or $67 an hour at a full-time job.
Is Old Greenwich cheap or expensive?
Old Greenwich is rated Cheap: rent takes 16.8% of the typical household income of $250,000+. It ranks 61st cheapest of 64 Connecticut cities we track.
How much are property taxes in Old Greenwich?
The median homeowner in Old Greenwich pays $10,000+ a year in property taxes, about 0.54% of the median home value.
Is Old Greenwich more expensive than the national average?
Overall prices in Connecticut are 4% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Old Greenwich?
The median home value in Old Greenwich is $1,844,700, about 7.4 times the typical yearly household income.
6,936 people live in Old Greenwich. Numbers are typical (middle) values.