Greenwich, CT

Very High · 271

Connecticut · Population 14,528 · Updated March 2026

$2,121
Median Rent / Month
$136,154
Median Income
$1,486,100
Median Home Value
$2,647
Owner Costs / Month

Affordability

How far your income goes in Greenwich

18.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Connecticut

State-level tax rates that affect your costs

6.99%
Income Tax (Top Rate)
6.35%
Sales Tax
2.15%
Property Tax Rate

Estimated Annual Costs

$25,452
Annual Rent
$9,517
State Income Tax
$31,951
Property Tax (est.)

Cost of Living Overview

Greenwich has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 271 (where 100 equals the national median), Greenwich residents can expect to pay median rent of $2,121/month while earning a median household income of $136,154/year.

The median home value in Greenwich, CT is $1,486,100, with typical monthly owner costs around $2,647 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Connecticut has a moderate income tax rate of 6.99%. Combined with a 6.35% sales tax rate and 2.15% effective property tax rate, the overall tax environment is a factor in the total cost of living in Greenwich.

Frequently Asked Questions

Common questions about living costs in Greenwich

What is the cost of living in Greenwich, CT?
The cost of living index in Greenwich, CT is 271 (US average = 100). Median monthly rent is $2,121, median household income is $136,154/year, and the median home value is $1,486,100.
Is Greenwich, CT affordable?
No, Greenwich is more expensive than the national average with a cost index of 271. The rent-to-income ratio is 18.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Greenwich, CT?
The median gross rent in Greenwich, CT is $2,121 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $25,452.
What is the median household income in Greenwich?
The median household income in Greenwich, CT is $136,154 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Connecticut?
Connecticut has a top income tax rate of 6.99%, a sales tax of 6.35%, and an effective property tax rate of 2.15%.