Zip 13073 (Groton, NY) Economy


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United States / New York / Ithaca Metro Area / Tompkins County / No City / Groton (zip 13073)
13073 Groton, NY is an ideal place for those who are looking to settle down, as its cost of living is extremely affordable. The median 2 bedroom rent in 13073 Groton, NY is $1,240 compared to the US average of $1,430 per month. The Grocery Cost Index in 13073 Groton is also 100 versus 100 in the US, making it a great place for those on a budget. There are plenty of local companies that operate within the area like GreenStar Co-op Market and Dickson Brothers Farm Market which offer fresh produce at a fraction of the cost as a chain supermarket. All in all 13073 Groton offers its residents excellent value for money when it comes to living costs.

Groton (zip 13073) has an unemployment rate of 4.7%. The US average is 6.0%.

Groton (zip 13073) 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 (zip 13073)
- The Sales Tax Rate for Groton (zip 13073) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Groton (zip 13073) 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 (zip 13073)
- The average income of a Groton (zip 13073) resident is $28,761 a year. The US average is $28,555 a year.
- The Median household income of a Groton (zip 13073) resident is $63,692 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGroton, New YorkUnited States
  4.76
  -5.2%-6.2%
  28.8%33.5%
  8.0%6.2%
  6.2%4.6%
  $31,965$37,638
  $63,692$69,021
  $81,563$85,028
  Population by Occupation
  5.3%1.2%
  1.2%0.5%
  7.3%6.8%
  10.3%10.0%
  0.6%2.5%
  10.8%11.0%
  4.5%4.8%
  0.0%0.8%
  0.5%1.9%
  3.7%4.7%
  0.9%1.9%
  5.7%7.6%
  0.0%0.1%
  3.3%4.2%
  17.4%9.3%
  10.2%14.0%
  0.8%2.1%
  4.6%7.0%
  9.8%4.8%
  3.2%4.7%
Health