Greenwich, CT vs Old Greenwich, CT

There is a significant gap in the cost of living between these two cities. Greenwich is 20.4% cheaper than Old Greenwich. With a cost index of 221 vs 278, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Greenwich to Old Greenwich should plan for substantially higher expenses across most categories.

On the housing front, median rent in Greenwich is $2,121/month compared to $3,501/month in Old Greenwich — a 39% difference. Home values follow the same pattern: Greenwich is more affordable at $1,486,100 median vs $1,668,200.

Median household income in Greenwich is $136,154 compared to $250,001 in Old Greenwich (-45.5%). While Old Greenwich 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, more than the 16.8% in Old Greenwich.