Durham, CT vs Groton, CT
There is a significant gap in the cost of living between these two cities. Groton is 25.1% cheaper than Durham. With a cost index of 94 vs 117, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Groton to Durham should plan for substantially higher expenses across most categories.
On the housing front, median rent in Durham is $1,684/month compared to $1,179/month in Groton — a 43% difference. Home values follow the same pattern: Groton is more affordable at $278,900 median vs $378,900.
Median household income in Durham is $126,406 compared to $69,811 in Groton (+81.1%). While Durham is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Durham spend roughly 16% of their income on rent, less than the 20.3% in Groton.
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