Groton, NY is a small town located in the Finger Lakes region of New York. It is known for its picturesque scenery and great hiking trails. There are also several local businesses and organizations that contribute to its vibrant community life. Notable local companies include Groton Village Market, a local grocery store that provides fresh produce and goods, and Groton Maps, which offers custom maps of the surrounding area for visitors and residents alike. Other organizations worth mentioning are the Groton Community Center, which hosts classes, lectures, and special events for people of all ages; as well as the Groton Arts Council which supports visual arts projects in the area. In addition to these offerings, Groton NY also boasts affordable housing costs with an average 2-bedroom rental rate of $1,220 compared to the national average of $1,430. With its quaint atmosphere and abundance of resources it's no wonder why so many people have chosen to call Groton home.
Groton has an unemployment rate of 4.7%. The US average is 6.0%.
Groton has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Groton
- The Sales Tax Rate for Groton is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Groton is 6.5%. 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 $30,547 a year. The US average is $37,638 a year.
- The Median household income of a Groton resident is $60,871 a year. The US average is $69,021 a year.