Groveton, NH is a small town located in northern New Hampshire with a population of around 1,500 residents. It is known for its quaint downtown area and strong community spirit. The cost of living is reasonably low as 2 bedroom rent in Groveton is only $980 compared to US average which is $1,430. Moreover, the Grocery Cost Index in the area stands at 102 versus 100 on US average, making it an affordable place to live. There are many local businesses such as Robert’s Inc., Nutting Construction Company and Hart’s Paint & Wallpaper that have served the residents of Groveton for decades. These companies contribute significantly to the local economy, providing employment opportunities and helping maintain a low cost of living in the area.
Groveton has an unemployment rate of 4.2%. The US average is 6.0%.
Groveton has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Groveton
- The Sales Tax Rate for Groveton is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Groveton is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Groveton
- The average income of a Groveton resident is $17,683 a year. The US average is $28,555 a year.
- The Median household income of a Groveton resident is $50,972 a year. The US average is $69,021 a year.