Groton, CT vs Sherwood Manor, CT

Groton is moderately more affordable than Sherwood Manor, with a 10.8% lower cost of living index. Groton scores 94 compared to 105 for Sherwood Manor, where the US average is 100. This difference means residents of Sherwood Manor can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Groton is $1,179/month compared to $1,656/month in Sherwood Manor — a 29% difference. Interestingly, home values tell a different story: while Groton has cheaper rent, Sherwood Manor actually has lower median home values ($241,100 vs $278,900).

Median household income in Groton is $69,811 compared to $96,274 in Sherwood Manor (-27.5%). While Sherwood Manor 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, less than the 20.6% in Sherwood Manor.