Cost of Living in Groton, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.9
100 = national avg
-6.1 vs national average
Living Wage (1 Adult)
$41,302
per year
Living Wage (Family of 4)
$97,622
per year
Cost Index by Category
Housing98.3
Food93.8
Transportation87.7
Healthcare95.1
Utilities96.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,466
per month
2 Bedroom
$1,753
per month
The overall cost of living index in Groton is 93.9, which is 6.1% below the national average. Housing costs are below the national average at an index of 98.3. A single adult needs to earn approximately $41,302 per year to cover basic expenses.