How much rent can you afford in Groton, CT?
Run your salary against Groton's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Groton
At a median rent of $2,172/mo, Groton is moderately stretched when measured against Groton median household income of $79,577/yr. Rent would consume roughly 33% of pre-tax income, and a salary of about $86,880 keeps rent at the recommended 30% threshold.
How Groton compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Groton?
On a $79,577 salary (the Groton median household income), the recommended ceiling is 30% of pre-tax income, or about $1,989/mo. Groton's median rent is $2,172/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Groton?
To keep Groton's $2,172/mo median rent under 30% of income, you'd need about $86,880/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Groton affordable on the median Connecticut income?
Groton is moderately stretched on a $79,577 income. Rent would take 33% of pre-tax pay, outside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".