Cost of Living in Groton, VT

With a cost of living index of 59, Groton, VT is one of the most affordable cities in the country. Living here is 41% cheaper than the national average and 33% below the Vermont state average of 92. Groton is a small community of 514 residents.

Housing costs are the biggest factor in Groton's cost of living. The median monthly rent is $295 (78% below the US median of $1,319), and the median home value sits at $180,900 (41% below the national median of $304,900). At current prices, the median home costs roughly 2.4x the median household income — well within traditional affordability guidelines.

The median household income in Groton is $75,583, which is 1% higher than the national median of $75,149. Residents spend roughly 5% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.