2024 Compare Cities Economy:
Groton, CT vs Hoboken, NJ

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Highlights
- Household income in Hoboken, is 117% more than it is in Groton and is 57% above the National Average.
- Groton unemployment rate is 9.2%.
- Hoboken unemployment rate is 4.2%.
 Groton, CTHoboken, NJUnited States
 Unemployment Rate9.2%4.2%6.0%
 Recent Job Growth0.2%-0.5%1.6%
 Future Job Growth31.1%30.0%33.5%
 Sales Taxes6.4%6.6%6.2%
 Income Taxes5.0%5.5%4.6%
 Income per Cap.$40,786$97,083$37,638
 Household Income$73,999$160,890$69,021
 Family Median Income$88,932$210,773$85,028
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 Est. Households By Income
 Groton, CTHoboken, NJUnited States
 Income Less Than 15K6.4%5.0%9.4%
 Income between 15K and 20K3.2%2.7%3.8%
 Income between 20K and 30K6.6%3.6%8.1%
 Income between 30K and 40K8.8%2.8%8.0%
 Income between 40K and 50K7.6%3.0%7.6%
 Income between 50K and 60K7.3%2.6%7.2%
 Income between 60K and 75K10.5%3.7%9.6%
 Income between 75K and 100K15.4%7.9%12.8%
 Income between 100K and 150K16.1%15.3%16.3%
 Income between 150K and 200K8.8%15.2%7.8%
 Income greater than 200K9.2%38.1%9.5%
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 Population By Occupation
 Groton, CTHoboken, NJUnited States
 Management, business, finance16.7%42.9%16.4%
 Engineering, computers, science11.5%10.7%6.5%
 Community, social services1.7%0.5%1.8%
 Legal1.0%3.8%1.2%
 Education, library7.9%4.2%6.2%
 Arts, design, media, sports, entertainment1.8%4.2%2.0%
 Healthcare practitioners and technology6.5%5.4%6.2%
 Healthcare support3.8%0.7%3.3%
 Firefighters, law enforcement1.6%0.9%2.1%
 Food preparation, serving8.5%1.7%5.4%
 Building maintenance3.4%0.5%3.6%
 Personal care3.2%1.5%2.6%
 Sales, office, administrative support18.2%19.6%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair6.1%0.6%8.1%
 Production, transportation, material moving8.1%2.8%13.1%
Reviews for Groton    0 Reviews

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Reviews for Hoboken    8 Reviews

Over 10 years ago

Great place to  More

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Over 13 years ago

Hoboken is one of those places that is still overlooked. With Brooklyn blowing up,why not live essentially the same subway-trip from Manhattan without paying city tax,  More

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Over 13 years ago

My kind of  More

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