05046 Groton, VT is a great place to live with a lower cost of living than the national average. The average rent for a two bedroom home in Groton is $940 per month, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in 05046 Groton, VT is 104 versus 100 in the US so groceries are also relatively inexpensive. This makes Groton an ideal place for budget-conscious families looking for good quality of life. Local businesses include New England Federal Credit Union, Main Street Market, and Upper Valley Computer Services among many others. With lower rent and costs for everyday goods, 05046 Groton, VT is an affordable choice for those looking to settle down in the area.
Groton (zip 05046) has an unemployment rate of 3.5%. The US average is 6.0%.
Groton (zip 05046) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Groton (zip 05046)
- The Sales Tax Rate for Groton (zip 05046) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Groton (zip 05046) is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Groton (zip 05046)
- The average income of a Groton (zip 05046) resident is $23,423 a year. The US average is $28,555 a year.
- The Median household income of a Groton (zip 05046) resident is $66,000 a year. The US average is $69,021 a year.