Groton, MA
Maps & Population Facts
Population
11,282
Population Density
344
Labor Participaton
66.5%
Bachelor's or Higher
66.2%
Median Household Income
$123,918
Median Individual Income
$61,882
Median Individual Income(Full-time Workers Only)
$91,482
Housing Estimates
Median House Value
$440,700
Median Gross Rent
$1,289
Median Mortgage Payment
$2,493
Housing Units
4,360
People who reside in Groton live in:
Detached - Single Family Homes
84%
Apt, Condo, Other
16%
Analysis
Income
Households in Groton earn significantly more money than the national median income, averaging 1.05% higher per household.
Housing
Groton has a median house price of $440,700. The cost of homeownership is significantly higher than most areas. The cost of renting in Groton is 27% more than the national average.
Percent | |
---|---|
Renter Occupied Households | 38% |
New Construction (Built after 2000) | 17% |
Demographics
The median age in Groton is 46. Groton has a population that is significantly older than in comparison to the US median age.
Groton ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
Groton | Massachusetts | USA | |
Median Property Value | 440,700 | 385,400 | 217,600 |
Median Mortgage Payment | 2,493 | 2,108 | 1,513 |
Median Gross Rent | 1,289 | 1,208 | 1,012 |
Property Vacancy | 5.9% | 10.0% | 12.6% |
% Renters | 12% | 38% | 36% |
Residents per Sq. Mi. | 344 | 885 | 93 |
Personal Comparison
Groton | Massachusetts | USA | |
Median Household Income | 123,918 | 77,385 | 60,336 |
Median Individual Income | 61,882 | 41,700 | 33,646 |
Median Income (Full-Time) | 91,482 | 60,923 | 46,881 |
Median Age | 45.6 | 39.5 | 38.1 |
Labor Participation | 66.5% | 67.8% | 62.8% |
Attained College Degree | 66.2% | 43.4% | 32.0% |
Population Density Analysis
Groton, MA
344
Residents per Sq. Mile
The population density of Groton is comparable to that of a Rural Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +