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Old 10-07-2008, 05:13 AM
 
Location: Fort Worth/Dallas
11,887 posts, read 36,942,600 times
Reputation: 5663

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I may have a job offer there and would like to know what the area is like. Is it expensive? Is real estate in the area affordable, etc.??

Would a salary in the 90 - 100K range be livable for a family of three?

Any help would be much appreciated.
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Old 10-07-2008, 06:14 AM
 
Location: Tolland County- Northeastern CT
4,462 posts, read 8,034,049 times
Reputation: 1237
Hey ol Bud- you are back!!!

Groton is a Military town- home of the US Sub Base- I would avoid it. Same goes for New London, to the west across the Thames river. Mystic is very pleasant- the part of the town to the west of the Mystic river is actually party of Groton- while to the east of the river, 'Mystic' is part of Stonington- Mystic is called a 'Census designated place' here.

There are many close by great places to live- Gales Ferry, Waterford, to the west of New London, Lyme & old Lyme (tends to be $$$$) Norwich just to the north is a working class town that can be gritty in areas- the Norwich Free Academy- is thought highly of (its a Public School)

Also Stonington to the east of Groton a few miles on I 95. Stonington can be pricey. To get the most bang for your buck- Colchester is a great place to live- about 22 miles inland from Groton- has a nice town green, a Starbucks; some nice ethnic restaurants and a high quality of life. The commute from Colchester to Groton is not bad via route 85 and I 95.

Colchester is very popular, with more attractive real estate prices then many shoreline towns- it is also about halfway to Hartford and New London/Groton. Median home price in Norwich/New London Groton is around 255K- some towns will be higher. Colchester has a median home price around 245K.

Last edited by skytrekker; 10-07-2008 at 06:25 AM..
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Old 10-07-2008, 06:22 AM
 
7,079 posts, read 37,957,421 times
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Groton is also a company town, with Pfizer as the other big employer in town.
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Old 10-07-2008, 06:23 AM
 
Location: Fort Worth/Dallas
11,887 posts, read 36,942,600 times
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Hey thanks skytrekker!

Would I be able to live on 105 or 110K? I've found that is the salary range for the position (with Pfizer). I doubt that we will be buying right away, but one never knows.

I appreciate your help!
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Old 10-07-2008, 06:27 AM
 
Location: Tolland County- Northeastern CT
4,462 posts, read 8,034,049 times
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Pfizer is hiring? Good news.

With that income I would not see a problem- living a luxurious lifestyle no- but who is these days? housing here to buy is a buyers market- and by spring will be lower. The Pfizer Campus in Groton is beautiful, as is the surrounding area.
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Old 10-07-2008, 07:19 AM
 
Location: Fort Worth/Dallas
11,887 posts, read 36,942,600 times
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Quote:
Originally Posted by skytrekker View Post
Pfizer is hiring? Good news.

With that income I would not see a problem- living a luxurious lifestyle no- but who is these days? housing here to buy is a buyers market- and by spring will be lower. The Pfizer Campus in Groton is beautiful, as is the surrounding area.
Excellent news! I'm not accustomed to living a luxurious lifestyle, lol..

I'll let you know how things go, and appreciate the feedback.
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Old 10-07-2008, 08:06 AM
 
Location: Connecticut
34,969 posts, read 57,045,368 times
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You should not have a problem living on that salary in the Groton area. It is pretty affordable for the northeast. Most of the towns in that area are small and have sort of a rural flavor. Groton itself is a bit more developed as is neighboring New London. Good luck, Jay
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Old 10-07-2008, 12:40 PM
 
Location: Ledyard, CT
32 posts, read 116,399 times
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That is just a bit above my husband's salary, and we are living on one income right now. We bought a 4 bed 2 1/2 bath house in Ledyard. We are getting by, but don't have much of a cushion or budget for things like vacations. I keep hoping that I'll find a job and then we'll be all set.

We moved here for Pfizer from Illinois, and previously lived in Michigan. We are loving living in this area - there is a ton of stuff to do and it is beautiful. Pfizer should give you access to lots of relocation resources that will help with your decision-making too.
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Old 10-07-2008, 05:44 PM
 
Location: Fort Worth/Dallas
11,887 posts, read 36,942,600 times
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Thanks for all of the great info folks! Connecticut is a beautiful state for sure. I'd love all of the natural beauty.

Hopefully if I can sell our house here within a year we'll be able to buy a home up there, IF I get the job. Pfizer sounds like a great company.

Thanks again!
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Old 10-07-2008, 05:51 PM
 
Location: Cheshire, Conn.
2,102 posts, read 7,763,296 times
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Here's a summary of the current inventory for single-family properties in Groton:

13 - Under $100,000 (12 are mobile homes)
28 - Between $100,000 - $199,999
40 - Between $200,000 - $299,999
44 - Between $300,000 - $399,999
35 - Between $400,000 - $499,999
17 - Between $500,000 - $599,999
20 - Between $600,000 - $699,999
12 - Between $700,000 - $799,999
16 - Between $800,000 - $899,999
+1 - Between $900,000 - $999,999
24 - Over $1 million
250- Total single-family inventory


If you're curious about any other towns, please post them and I'll do the same summary for them...
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