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Groton (zip 06340), Connecticut 0 Reviews | Leave a Comment



Pros

-Central location
-Historic interest
-Attractive setting

Cons

-Harsh winters
-Some urban decay
-Weak job growth


What Bert Has To Say About Norwich-New London Metro Area


New London is located where the broad Thames River empties into the Long Island Sound. Norwich lies about 13 miles upriver. New London has a rich maritime history and is now home to the U.S. Coast Guard Academy. Norwich is an early industrial center, where the first paper and iron nails were made in the mid-1700’s. Both cities remain fairly industrial but have modestly attractive downtown cores with areas of historic buildings. New London is also home to two small colleges.

Norwich has some local arts amenities but is also transforming itself into a regional weekend tourist destination, with large casinos, upscale hotels and spas. The central location to New England and New York just might make this work. Air and many other services are available in Providence, 60 miles northeast. Employment projections have declined. Cost of living, while high, is moderate on a Connecticut scale.

Level terrain with marshes and beach at the coast give way to rolling and wooded terrain to the north. Hills around Norwich rise 500 feet. The climate is New England continental moderated by proximity to water. Summers are warm and humid but with refreshing sea breezes. The inland Norwich area is typically warmer in summer and colder in winter. Winters are cold and wet with occasional periods of more extreme cold. Since the area lies east of the main part of Long Island, coastal “noreaster” storms are strong and can produce significant rain and snow. First freeze is late October, last is late April.


Highlights


  • Profile: Small-city complex
  • Time zone: Eastern Standard Time
  • Elevation: 7
  • Real Estate: For Sale  For Rent
  • City: Groton
  • Zip Codes: Groton (zip 06340)

Quick Facts About Groton


    ECONOMY
    The unemployment rate in Groton (zip 06340) is 7.00 percent(U.S. avg. is 6.30%). Recent job growth is Negative. Groton (zip 06340) jobs have Decreased by 1.27 percent.
    COST OF LIVING
    Compared to the rest of the country, Groton (zip 06340)'s cost of living is 10.90% Higher than the U.S. average.
    POPULATION
    As of 2014, Groton (zip 06340)'s population is 31,594 people. Since 2000, it has had a population growth of -0.75 percent.
    TRANSPORTATION
    Average Commute time is 17 minutes. The National Average is 25 minutes.
    REAL ESTATE
    The median home cost in Groton (zip 06340) is $157,400. Home appreciation the last year has been -2.00 percent.
    SCHOOLS
    Groton (zip 06340) public schools spend $18,285 per student. The average school expenditure in the U.S. is $12,435. There are about 13.3 students per teacher in Groton (zip 06340).

Best Places to Live in Groton, Connecticut



Groton Housing Market


It's not a good time to buy in Groton. Home Appreciataion is down -2.0% in the last 12 months. Browse Groton Real Estate.
The median home price in Groton is $157,400. Browse Homes in this Range.
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