Greenwich, CT vs New Canaan, CT

Greenwich, CT and New Canaan, CT have a very similar cost of living, with only a 4.9% difference in their overall index. Greenwich scores 221 while New Canaan scores 233 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Greenwich is $2,121/month compared to $3,501/month in New Canaan — a 39% difference. Interestingly, home values tell a different story: while Greenwich has cheaper rent, New Canaan actually has lower median home values ($1,115,600 vs $1,486,100).

Median household income in Greenwich is $136,154 compared to $163,355 in New Canaan (-16.7%). While New Canaan is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Greenwich spend roughly 18.7% of their income on rent, less than the 25.7% in New Canaan.