Cost of Living in Old Saybrook Center, CT

With a cost of living index of 118, Old Saybrook Center, CT is a notably expensive place to live. Living here is 18% more expensive than the national average and 7% below the Connecticut state average of 125. Old Saybrook Center is a small community of 2,063 residents.

Housing costs are the biggest factor in Old Saybrook Center's cost of living. The median monthly rent is $1,665 (26% above the US median of $1,319), and the median home value sits at $400,600 (31% above the national median of $304,900). At current prices, the median home costs roughly 4.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Old Saybrook Center is $85,466, which is 14% higher than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they do not fully offset the higher cost of living.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.