Groton, CT vs Pawcatuck, CT

Groton, CT and Pawcatuck, CT have a very similar cost of living, with only a 3.5% difference in their overall index. Groton scores 94 while Pawcatuck scores 97 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Groton is $1,179/month compared to $1,152/month in Pawcatuck — a 2% difference. Interestingly, home values tell a different story: while Pawcatuck has cheaper rent, Groton actually has lower median home values ($278,900 vs $330,700).

Median household income in Groton is $69,811 compared to $75,820 in Pawcatuck (-7.9%). While Pawcatuck is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Groton spend roughly 20.3% of their income on rent, more than the 18.2% in Pawcatuck.