Housing costs in Groton?
A typical home costs
$298,900, which is 11.6% less expensive than the national average of
$338,100 and 17.5% less expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Groton costs
$1,520 per month, which is 6.3% more than the national average of
$1,430 and 9.2% cheaper than the state average of
$1,660.
Can I afford Groton?
To live comfortably in Groton (zip 06340), Connecticut, a minimum annual income of
$57,240 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Groton?
The cost of living in 06340 Groton, CT is relatively high compared to other parts of the country. The median home value in the area is $243,400, which is higher than the national average of $214,600. Housing prices tend to be higher and the cost of goods and services are also higher. However, overall, Groton has a good quality of life and offers plenty of amenities with its suburban location. Additionally, the area has plenty of job opportunities due to its proximity to major cities like Hartford and New Haven.