Cost of Living in Groton
The biggest cost-of-living factor in Groton, Massachusetts is housing. The median home is priced around $1.1M, or about $333 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $5,708, plus roughly $1,398 per month in property taxes. Rates and down payment change this figure significantly.
Groton's FY2025 residential property tax rate is $15.25 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Groton.