Housing costs in Groton?
A typical home costs
$178,900, which is 47.1% less expensive than the national average of
$338,100 and 33.2% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Groton costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 8.3% cheaper than the state average of
$910.
Can I afford Groton?
To live comfortably in Groton, South Dakota, a minimum annual income of
$34,200 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Groton?
The cost of living in Groton, SD is quite reasonable. The median home cost in the city is just under $100,000, which is significantly lower than the national average. Groton also has low taxes when compared to other areas. Sales taxes are 5 percent and property taxes are among the lowest in South Dakota. Additionally, utilities such as gas and electricity are very affordable due to competitive rates from several providers. With its low cost of living and charming downtown area, Groton is a great place to live for those looking for an affordable small town lifestyle.