Groton, Massachusetts Median Income

Groton, Massachusetts has a population of 11,200, with a median household income of $94,000.

Current median income data for Groton.

$94,000

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Population

11,200

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Median Income

$94,000

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Unemployment

4.70%

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Housing Price

$520,000

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Crime Rate

3.50

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Internet Speed

214.00 Mbps

Groton is a small local community located in Massachusetts. The city has a population that is below the average city population in Massachusetts, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Massachusetts, Groton provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Groton has a population of 11,200, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Groton is $94,000, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Groton is about $520,000, making it relatively affordable compared to many cities in Massachusetts.

Employment and Safety

The unemployment rate in Groton is 4.70%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Groton are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Massachusetts, Groton shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of Massachusetts, Groton contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Groton

What is the population of Groton?

The population of Groton is approximately 11,200.

Is Groton a good place to live?

Groton offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Groton?

The median household income in Groton is around $94,000.

How expensive is housing in Groton?

The average housing price in Groton is approximately $520,000.