Affordable

What Salary Do You Need to Live in Groton?

To afford a 2-bedroom in Groton, you need to earn at least $18,360/year based on estimated fair market rent data. The median household income here is $54,769, which means the typical resident is $36,409 above the threshold.

Census ACS Data Pop. 576

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$321	$1,070	$12,840	$-41,929
1 Bedroom	$381	$1,270	$15,240	$-39,529
2 Bedroom BENCHMARK	$459	$1,530	$18,360	$-36,409
3 Bedroom	$560	$1,867	$22,400	$-32,369
4 Bedroom	$689	$2,297	$27,560	$-27,209

Affordability Breakdown

Where the required salary line crosses above Groton's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$54,769

Annual household

2BR Required Salary

$18,360

Under 30% rule

Income Gap

+$36,409

Surplus

Verdict

Affordable

Ratio: 10.1%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Groton

Your Annual Salary

Pre-filled with Groton's median household income

Max monthly rent you can afford$1,369

Studio

$321/mo

1 BR

$381/mo

2 BR

$459/mo

3 BR

$560/mo

4 BR

$689/mo

Your salary is $0 above the median income in Groton.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Groton's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Groton

Groton, Vermont stands out as one of the more financially accessible housing markets in the state. The median household income of $54,769 significantly exceeds the $18,360 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $36,409 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Groton, a studio at $321/month offers an even more aggressive savings rate. Even a 3-bedroom at $560/month remains accessible for dual-income households earning above $22,400.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $27,540 would position you well — though many residents in Groton manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Groton, Vermont.

With a total population of 576, the city supports an active civilian workforce of 251 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $18,360 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

251

Active civilian employees in Groton

Frequently Asked Questions About Renting in Groton

What salary do I need to live in Groton, Vermont?

To afford a 2-bedroom in Groton under the 30% rule, you need an annual salary of at least $18,360. The median household income in Groton is $54,769.

Can I afford a 2-bedroom in Groton on $54,769?

The affordability verdict for Groton is "Affordable". The rent-to-income ratio is 10.1%, meaning median earners have a $36,409 surplus.

What is the average rent in Groton compared to median income?

The median gross rent in Groton is $381/month. With a median household income of $54,769, residents spend approximately 10.1% of their income on rent.

What salary do I need for a studio in Groton?

A studio in Groton rents for approximately $321/month. Under the 30% rule, you need an annual salary of $12,840 to afford this.

Is Groton considered an affordable place to live?

Based on the surplus of $36,409 and an affordability verdict of "Affordable", Groton is considered a affordable rental market when comparing the required 2-bedroom salary of $18,360 to the local median household income.

How Groton Compares

Other cities in Vermont with salary requirements