Zip 01450 (Groton, MA) Economy


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01450 Groton, MA has an average 2 Bedroom rent of $2,260 compared to the US average of $1,430. The Grocery Cost Index in 01450 Groton, MA is 110 compared to the US index of 100. In 01450 Groton, MA there are a few local companies including The Emporium - a vintage goods store; Hebert's Greenhouse - a full service garden center and nursery; and Grove Street Deli - a sandwich shop known for their attentive customer service. There are also many other small businesses that make up the area and contribute to its unique character.

Groton (zip 01450) has an unemployment rate of 5.2%. The US average is 6.0%.

Groton (zip 01450) has seen the job market increase by 4.1% over the last year. Future job growth over the next ten years is predicted to be 41.3%, which is higher than the US average of 33.5%.

Tax Rates for Groton (zip 01450)
- The Sales Tax Rate for Groton (zip 01450) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Groton (zip 01450) is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Groton (zip 01450)
- The average income of a Groton (zip 01450) resident is $49,398 a year. The US average is $28,555 a year.
- The Median household income of a Groton (zip 01450) resident is $169,643 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGroton, MassachusettsUnited States
  5.26
  -8.9%-6.2%
  41.3%33.5%
  6.3%6.2%
  5.1%4.6%
  $65,435$37,638
  $169,643$69,021
  $203,750$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  5.0%6.8%
  15.5%10.0%
  0.6%2.5%
  9.2%11.0%
  1.8%4.8%
  0.8%0.8%
  1.6%1.9%
  6.6%4.7%
  1.4%1.9%
  19.0%7.6%
  0.1%0.1%
  2.0%4.2%
  11.6%9.3%
  11.3%14.0%
  1.7%2.1%
  4.9%7.0%
  3.2%4.8%
  3.5%4.7%
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