Cost of Living in Groton
Groton's cost of living combines a moderate-for-Connecticut property tax rate with rents and home prices that carry a real, disclosed cross-source spread.
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Learn moreA moderate effective property tax rate for coastal Connecticut
Groton's FYE2026 mill rate of 24.81 computes to an effective property tax rate near 1.74%, below Connecticut's high statewide average and well below neighboring New London's rate.
Rent runs close to the regional norm
Groton's average apartment rent ran approximately $1,773/month in 2026, essentially flat year-over-year, with most rentals falling between $1,501 and $2,000/month.
A real, disclosed home-price spread
Zillow cited an average home value of $450,477, while Redfin cited a notably lower median sale price of $330,000 -- confirm current, address-specific comparables directly.
Key takeaways
- Groton's ~1.74% effective property tax rate runs moderate for coastal Connecticut.
- Average rent ran ~$1,773/month in 2026, essentially flat year-over-year.
- Home prices carry a real, disclosed spread ($330,000-$450,477) across sources reviewed this pass.
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