Cost of Living in Old Saybrook

Summary: If you are thinking about moving to Old Saybrook, here is an overview of the cost of living there.

Old Saybrook, is a charming coastal town with a cost of living that reflects its desirable location and amenities. Housing prices in Old Saybrook can vary widely depending on proximity to the water, the age and condition of the property, and other factors. As of my knowledge cutoff in early 2023, the median home price in Old Saybrook is quite high compared to national averages, with 3-bedroom homes typically starting around $400,000 and going up significantly from there, especially for homes with water views or waterfront access. 4-bedroom homes are even more costly, often starting at around $500,000 and can easily exceed $1 million for prime locations and updated amenities.

Apartment rentals in Old Saybrook can also be on the higher side due to the town's popularity and scenic location. A 1-bedroom apartment might start at around $1,200 per month, while larger 2 or 3-bedroom apartments can range from $1,800 to $3,000 or more per month. Purchasing an apartment or a condo can also be a significant investment, with prices typically starting in the $200,000 range and climbing higher for units with more space or luxury features.

When it comes to dining out, Old Saybrook offers a variety of restaurants ranging from casual eateries to upscale dining experiences. A meal at an inexpensive restaurant might cost around $15 to $25 per person, while a three-course meal at a mid-range restaurant could be between $50 and $70 per person, not including drinks, tax, or tip.

Utilities in Old Saybrook, including electricity, heating, cooling, water, and garbage, can average around $200 to $300 per month for a standard-sized home, but this can fluctuate based on usage and the time of year, with winters potentially being more expensive due to heating costs.

Private school tuition varies widely depending on the institution and the level of education. For preschool, tuition can range from $10,000 to $20,000 per year. Elementary and middle schools can cost between $15,000 and $30,000 annually, while private high schools can be even more expensive, with some tuitions reaching upwards of $40,000 per year. These costs can be influenced by the school's reputation, facilities, and the breadth of programs offered.

Item	Cost
3-Bedroom Home Purchase	Starting around $400,000
4-Bedroom Home Purchase	Starting around $500,000
1-Bedroom Apartment Rental	Starting around $1,200/month
2-3 Bedroom Apartment Rental	$1,800 to $3,000+/month
Apartment Purchase	Starting in the $200,000 range
Inexpensive Restaurant Meal	$15 to $25 per person
Mid-Range Restaurant 3-Course Meal	$50 to $70 per person
Monthly Utilities	$200 to $300
Private Preschool Tuition	$10,000 to $20,000/year
Private Elementary/Middle School Tuition	$15,000 to $30,000/year
Private High School Tuition	Up to $40,000+/year

About the Author

Betsy Burlingame is one of the founders of BlueBurbia and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and BlueBurbia, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.