Housing costs in Groton?
A typical home costs
$183,400, which is 45.8% less expensive than the national average of
$338,100 and 31.6% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Groton costs
$840 per month, which is 7.7% cheaper than the national average of
$910 and close to the state average of
$830.
Can I afford Groton?
To live comfortably in Groton (zip 57445), South Dakota, a minimum annual income of
$35,280 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Groton?
The cost of living in 57445 Groton, SD is relatively low compared to other parts of the United States. The median home price in the area is approximately $133,000, which is quite affordable for many people. Renters will find that monthly rents average around $600-$700 per month, making it even more accessible for those on a budget. Other expenses such as utilities and groceries are also reasonable when compared to other cities and states. Additionally, the unemployment rate in Groton is lower than the national average and job opportunities are plentiful throughout the area. All these factors combined make 57445 Groton, SD an attractive option for those looking for a comfortable place to live without breaking their budget.