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Old Lyme, Connecticut

town · New London County

At a glance

7,679
Population
$484,200
Median home value (all homes)
60% above U.S. median
$689,479
Typical market value
Zillow, 2026-07
$2,238/mo
Median rent
66% above U.S. median
$131,899
Median household income
68% above U.S. median
27.1 min
Average commute
98.8%
Homes with broadband
2.7%
Unemployment

Cost of living (Clay Affordability Index)

CAI 121 — 21% above the national average. how it's computed

Housing77% above
Goods & services1% above
Utilities31% above
Taxes33% below
Insurance5% above
Commute cost0% below
For business: Connecticut is CBII band 3/5 · time to build band 3/5. See state page for the breakdown.

Living here

Nearest 4-year college11 mi
Nearest community college17 mi
Nearest technical college14 mi
High school graduates97.9%
College graduates56.5%

Doing business here

Economic development contacts, most local first:

city Monroe Economic Development Commission
Town of Monroe's Economic Development Department provides information about business opportunities and properties in Monroe, Connecticut. It is a department of the Town of Monroe.
state Connecticut Dept. Econ. Dev.
Connecticut Department of Economic and Community Development (DECD) is the state agency that supports economic development and community development in Connecticut, including business development, small business resources, brownfield redevelopment, film, arts and tourism initiatives, and related programs. It provides contact points for in-state and out-of-state companies seeking assistance and coordinates various grant and program opportunities.
state Connecticut's Business Response
State sales taxYes
State income taxYes
Right-to-work stateNo

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