Groton, VT is an affordable place to live with the average 2 bedroom rent $970, compared to the US average of $1,430. Groton also has a lower grocery cost index which is 104 versus 100 in the US. For those looking for a rural setting with plenty of outdoor activities and local companies, Groton is ideal. With numerous lakes and parks for fishing and boating, residents are able to enjoy the beauty that Vermont offers. Businesses in Groton include Groton Electric Company, Groton Country Store, and D&L Sawmill Inc., just to name a few. Additionally, The Andersonville National Historic Site nearby gives visitors a chance to explore the history of Civil War Camp Sumter.
Groton has an unemployment rate of 4.7%. The US average is 6.0%.
Groton has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Groton
- The Sales Tax Rate for Groton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Groton is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Groton
- The average income of a Groton resident is $22,893 a year. The US average is $28,555 a year.
- The Median household income of a Groton resident is $61,458 a year. The US average is $69,021 a year.