Greenwich or Rye?
Greenwich costs about a year less to live in.
The difference is almost entirely property tax. At this income, state income tax comes out about the same on both sides, because a Connecticut resident who works in New York pays New York’s tax.
Yearly cost to live there
“I’m licensed on both sides of the line, so I don’t have a horse in this race. For this family the numbers favor Greenwich, and the gap grows with the price of the house. If a shorter walk to the train or the feel of a village center matters more to you than the tax bill, Rye deserves a hard look. I’ll show you homes in both.”
In a real report you also get
- Your own income, filing status and price range
- Door-to-door commute from your actual workplace
- Matching homes on both sides from Marc’s MLS search
- Rye Brook, Harrison, Darien and other towns on request
- A follow-up call with your accountant’s questions in mind
How these numbers were built
- Property tax (Greenwich): Market value × 70% assessment × the FY2026-27 mill rate of 10.125, set after the town’s 2025 revaluation.
- Property tax (Rye): An estimate of about 1.36% of market value, within a $29K–$37K range at $2.5M. Rye assesses at a small fraction of market value, so the effective rate is what matters. Rye Brook and the Town of Rye are assessed differently and are not covered here.
- Income tax: About $40,000 either way at $600K. New York State’s tax comes to about $40,000, and Connecticut’s would be about $39,500 before credit. A Connecticut resident working in Manhattan owes New York nonresident tax and receives a Connecticut credit, so the net lands close to New York’s figure.
- Trains: Metro-North monthly tickets, Greenwich $314.25 and Rye $292.25, twelve months for two commuters. Connecticut approved a fare increase effective July 1, 2026, so the Greenwich figure may run about 5% higher.
- Commute time: Typically 45–65 minutes from Greenwich and 40–55 minutes from Rye depending on express or local service. Check the current timetable.
- Closing taxes: Connecticut charges the seller 0.75% on the first $800K and 1.25% above, plus a 0.25% municipal tax. New York charges the seller a 0.4% transfer tax and the buyer a 1% mansion tax on homes of $1M or more.
Torn between Connecticut and New York?
Tell Marc your budget, income range and where you work. He reviews every request, calls you, and saves your comparison to your private portal.
Sample for illustration only: fictional family; figures are published rates and estimates as of October 2026. Informational only, not tax, legal or financial advice; confirm with your accountant. Nieto Properties · Epique Realty · Licensed in Connecticut and New York.
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