Groton, NH is a small town situated near the New Hampshire border in the Merrimack Valley region. This scenic area features rolling hills and lush forests, making it an ideal place for those seeking outdoor recreation. Local companies include Groton Country Store, Groton City Bakery, and Groton Woodworking, which all provide goods and services to the community. The cost of living in Groton is relatively low compared to the US as a whole; 2 Bedroom rent is around $1,340 compared to $1,430 nationwide. Additionally, the grocery cost index in Groton is only 108 as opposed to 100 across America.
Groton has an unemployment rate of 4.3%. The US average is 6.0%.
Groton has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 31.3%, which is lower than the US average of 33.5%.
Tax Rates for Groton
- The Sales Tax Rate for Groton is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Groton 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 Groton
- The average income of a Groton resident is $29,308 a year. The US average is $28,555 a year.
- The Median household income of a Groton resident is $69,167 a year. The US average is $69,021 a year.