Housing costs in Groton?
A typical home costs
$351,400, which is 3.9% more expensive than the national average of
$338,100 and 3.0% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Groton costs
$1,570 per month, which is 9.8% more than the national average of
$1,430 and 5.7% cheaper than the state average of
$1,660.
Can I afford Groton?
To live comfortably in Groton, Connecticut, a minimum annual income of
$67,320 for a family, and
$50,800 for a single person is recommended.
What does A.I. say about Groton?
The cost of living in Groton, CT is relatively reasonable compared to other parts of Connecticut. The average rent for an apartment or house in Groton is around $1,000 per month. Groceries and dining out are also quite affordable with the average price of food being around $7-10 per person. Transportation costs are relatively inexpensive with bus fares costing a few dollars for most trips and gas prices hovering around the national average. Overall, living in Groton provides an affordable balance between suburban and urban life that many people find appealing.