Groton, CT Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Groton, CT Summary

Cost of living in Groton research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Groton is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Connecticut, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Groton is 112, with 100 being the average.

  • The cost of living index in Groton is 1.1x higher than the national average.

  • Groton ranks as the #19 cheapest in Connecticut out of 55.

  • Groton ranks as the #4,296 cheapest out of 6,412 in the US.

  • The median home value in Groton is $223,200.

  • The median income in Groton is $58,911.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
112
Groton's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Groton, CT?

According to the most recent data on the cost of living, Groton has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.

Compared to Connecticut, Groton has a cost of living index that's 1.0x lower than Connecticut's index of 114.

The standard of living in Groton ranks as #19 most affordable out of the 55 places we measured in Connecticut. By definition, that implies Groton ranks as the #36 most expensive place in the Constitution State.

For more reading on life in Groton, check out:

19 out of 55
In Connecticut
4,296 out of 6,412
In America

Groton Cost Of Living Vs. Connecticut

Six factors go into calculating the cost of living index in Groton. Here is how it fairs on each of the criteria:

  • The Services index in Groton is 120.

  • The Groceries index in Groton is 103.

  • The Health index in Groton is 108.

  • The Housing index in Groton is 104.

  • The Transportation index in Groton is 108.

  • The Utilities index in Groton is 125.

Living Expense Groton Connecticut National Average
Overall 112 114 100
Services 120 113 100
Groceries 103 101 100
Health 108 107 100
Housing 104 123 100
Transportation 108 104 100
Utilities 125 127 100
For more reading on cost of living around Connecticut, check out:
Groton Cost of Living Vs. CT

Groton, CT Housing Cost Breakdown

Housing swings affordability the most between places in Connecticut, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Groton is $223,200.

  • The Median Rent in Groton is $1,007.

  • The Median Income in Groton is $58,911.

  • The Home Value To Income in Groton is 3.8x.

  • The Rent To Monthly Income in Groton is 0.21x.

Statistic Groton Connecticut United States
Median Home Value $223,200 $286,700 $244,900
Median Rent $1,007 $1,260 $1,163
Median Income $58,911 $83,572 $69,021
Home Value To Income 3.8x 3.4x 3.5x
Rent To Monthly Income 0.21x 0.18x 0.2x
Search Homes For Sale In Groton, CT
$223,200
Median Home Value
$1,007
Median Rent
$58,911
Median Income

Groton, CT Costs By Category

Detailed Groton Services Costs Vs. Connecticut

Item Groton Connecticut
Shampoo $0.95 $1.06
Movie $12.64 $10.68
Bowling $18.88 $14.67
Haircut $30.29 $18.62
Beauty Salon $49.75 $39.05

Detailed Groton Groceries Costs Vs. Connecticut

Item Groton Connecticut
Ground Beef $4.34 $4.22
Fried Chicken $1.41 $1.39
Milk $2.39 $2.05
Potatoes $3.92 $3.29
Pizza $9.81 $10.62
Beer $11.01 $9.38
Toothpaste $2.06 $2.34

Detailed Groton Health Costs Vs. Connecticut

Item Groton Connecticut
Optometrist $154.87 $108.57
Doctor $115.5 $116.17
Dentist $104.4 $99.13

Detailed Groton Transportation Costs Vs. Connecticut

Item Groton Connecticut
Gasoline $2.31 $2.22
Tire Balancing $58.77 $50.07

Detailed Groton Utilities Costs Vs. Connecticut

Item Groton Connecticut
All Electricity $240.4 $167.67
Phone $178.6 $175.64

Groton SnackAbility

8
/10
Overall SnackAbility
Jobs
6/10
Housing
8
Affordability
5
Diversity
9.5
Safety
7
Amenities
8.5
Education
8
Commute
9

Cost Of Living In Cities Around Groton

The cost of living varies in the cities and towns around Groton. Here's a quick look at the cost of living in the most populous nearby places:

  • New London, CT has a cost of living index of 111, 1.0x Groton.

City Population Cost Of Living Vs. Groton
New London, CT 27,585 111 1.0x

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