Living in Old Lyme, Connecticut
Cost of living, income, home prices, rent and demographics of Old Lyme · Census data 2020–2024
Old Lyme has 7,679 residents with a median age of 50.6. The median household income is $131,899 (38% higher than the Connecticut median), the median home value is $484,200, the median rent is $2,238/month.
Old Lyme at a glance
- Population
- 7,679
- Median age
- 50.6State: 41.1
- Median household income
- $131,899State: $95,781
- Median home value
- $484,200State: $366,900
- Median rent
- $2,238/moState: $1,488
- Homeowners
- 88.8%
- Bachelor's degree or higher
- 56.5%
- Average commute
- 27 min
Is Old Lyme a good place to live?
Pros: Median household income 38% higher than the Connecticut median; unemployment of 2.7%; a poverty rate of 2.9%.
Cons: Home values 32% higher than the state median; an average commute of 27 minutes.
The weather is best in June to September.
Cost of living in Old Lyme
Housing is the biggest part of the cost of living. In Old Lyme the median home value is $484,200, 46% higher than the U.S. median. Renters pay a median of $2,238 per month, which is 30.6% of household income. Homeowners with a mortgage pay $2,742 a month in housing costs.
Old Lyme median household income
The median household income in Old Lyme is $131,899 and the income per person is $83,426. 2.9% of residents live below the poverty line (Connecticut: 10%).
Housing in Old Lyme: homes for sale and rent
- Housing units
- 4,598
- Owner-occupied
- 88.8%
- Renter-occupied
- 11.2%
- Vacant
- 30.7%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.40
30.7% of homes are vacant most of the year, a sign that Old Lyme has many vacation and second homes.
Old Lyme demographics
- Population
- 7,679
- Median age
- 50.6
- Under 18
- 20.3%
- 65 and older
- 26.4%
- Households
- 3,185
- Foreign-born
- 8.7%
- Veterans
- 5.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Old Lyme ›
Education in Old Lyme
56.5% of adults 25 and older in Old Lyme have a bachelor's degree or higher (Connecticut: 42.5%), and 30.4% have a graduate or professional degree.
Jobs and commute in Old Lyme
- Unemployment rate
- 2.7%State: 5.6%
- Average commute
- 27 minState: 27 min
- Work from home
- 24.2%
- Drive alone
- 70.4%
- Public transit
- 1.2%
- Walk to work
- 1.1%
- Homes with broadband
- 98.8%
Old Lyme vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Old Lyme | 7,679 | $131,899 | $484,200 | $2,238 |
| Old Saybrook Center | 1,659 | $93,875 | $466,100 | $1,414 |
| Old Saybrook | 10,575 | $114,333 | $538,200 | $1,846 |
| East Lyme | 18,721 | $105,044 | $412,600 | $1,462 |
| Niantic | 3,123 | $81,250 | $396,000 | $1,478 |
| Essex Village | 2,705 | $102,885 | $751,900 | $2,056 |
| Saybrook Manor | 1,358 | $119,670 | $586,000 | $2,149 |
| Lyme | 2,303 | $135,000 | $629,900 | $1,719 |
| Essex | 6,794 | $104,395 | $552,000 | $1,623 |
More for people moving to Old Lyme
Old Lyme ZIP code ›Weather and climate ›Living in Old Lyme: FAQ
What is the median household income in Old Lyme, CT?
The median household income in Old Lyme is $131,899, 38% higher than the Connecticut median of $95,781 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Old Lyme?
The median home value in Old Lyme is $484,200, compared with $366,900 in Connecticut.
How much is rent in Old Lyme?
The median gross rent in Old Lyme is $2,238 per month, about 30.6% of household income.
Is Old Lyme, CT a good place to live?
Pluses: median household income 38% higher than the Connecticut median; unemployment of 2.7%; a poverty rate of 2.9%. Minuses: home values 32% higher than the state median; an average commute of 27 minutes.
What is the median age in Old Lyme?
The median age in Old Lyme is 50.6 years (Connecticut: 41.1).
How long is the commute in Old Lyme?
The average commute to work in Old Lyme is 27 minutes; 24.2% of workers work from home.
What is the unemployment rate in Old Lyme?
The unemployment rate in Old Lyme is 2.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Old Lyme?
56.5% of adults in Old Lyme have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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