Housing costs in Groton?
A typical home costs
$644,000, which is 90.5% more expensive than the national average of
$338,100 and 15.6% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Groton costs
$2,260 per month, which is 58.0% more than the national average of
$1,430 and 5.3% more than the state average of
$2,140.
Can I afford Groton?
To live comfortably in Groton (zip 01450), Massachusetts, a minimum annual income of
$123,480 for a family, and
$74,400 for a single person is recommended.
What does A.I. say about Groton?
The cost of living in Groton, MA (01450) is generally higher than the national average. Housing prices are especially steep as the median home value is $365,400, almost double the national average. The median gross rent for renters in Groton is a staggering $1,733 per month. Meanwhile, groceries and miscellaneous goods and services have an index of 108.2 compared to the US average of 100; meaning that they generally cost 8% more in Groton than other parts of the country. All in all, living in 01450 will require some financial planning and budgeting to ensure a comfortable lifestyle.