Housing costs in Old Lyme?
A typical home costs
$499,700, which is 47.8% more expensive than the national average of
$338,100 and 38.0% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Old Lyme costs
$1,700 per month, which is 18.9% more than the national average of
$1,430 and 2.4% more than the state average of
$1,660.
Can I afford Old Lyme?
To live comfortably in Old Lyme (zip 06371), Connecticut, a minimum annual income of
$95,760 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about Old Lyme?
The cost of living in 06371 Old Lyme, CT is much higher than the national average. Despite this fact, it remains a great place to live because of its diverse population, excellent schools, and local amenities. The median home value in this area is $422,100, which is significantly higher than the US median of $184,700. In addition to expensive housing costs, groceries and transportation are also more expensive in Old Lyme than other parts of the country. That said, there are many advantages to living here that make up for the high cost of living such as low crime rates and a wonderful quality of life.