Our cost of living indices are based on a US average of 100. An amount below 100 means New Hampshire is cheaper than the US average.
New Hampshire cost of living is 105.4.
| COST OF LIVING | New Hampshire | United States |
|---|---|---|
| Housing | 118.6 | 100 |
| Median Home Cost | $357,000 | $291,700 |
| Utilities | 120.5 | 100 |
| Transportation | 87.6 | 100 |
Contents
How much money do you need to live comfortably in New Hampshire?
According to GoBankingRates.com, in an article titled “The Salary You Need to Afford Rent in Every State,” a resident of New Hampshire would need to make approximately $69,920 per year in order to afford a single-family residence without having your monthly rent consume more than 30 percent of total income.
Is rent expensive in New Hampshire?
The NHHFA’s report includes an analysis of median monthly rental prices for five select New Hampshire cities- Concord, Manchester, Nashua, Portsmouth and Rochester.In 2020, the NHHFA found that the city’s median rental cost was $1,761. The price jump from 2020 to 2021 was a 6.8% increase.
Is New Hampshire a good state to live?
New Hampshire is one of the safest states to live in the country. The crime rate here is well below the national average and even the larger cities have a reassuringly low statistics, especially when it comes to violent crime.
Is New Hampshire a cheap state?
Mississippi
The cheapest state in the United States is Mississippi. Mississippi’s cost of living index is 84.8 and has the lowest overall housing cost index of all 50 states of 66.7.
Is NH a poor state?
All data is from the United States Census Bureau.
States, federal district, and territories.
| Rank | 1 |
|---|---|
| State | New Hampshire |
| 2019 Poverty rate (percent of persons in poverty) | 7.3% |
| 2014 Poverty Rates (includes unrelated children) | 9.5% |
| Supplemental Poverty Measure (2017–2019 average) (Geographically Adjusted) | 8.3% |
Is living in NH cheap?
New Hampshire has a cost of living that ranks slightly higher than the national average. However, compared to larger metro areas like Boston or New York, New Hampshire is relatively affordable. When looking at the cost of living in a new state, it’s common to look at the cost of housing.
What is a good salary in NH?
Average Salary in New Hampshire
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $95,167 | $7,930 |
| 75th Percentile | $78,248 | $6,520 |
| Average | $65,421 | $5,451 |
| 25th Percentile | $52,342 | $4,361 |
What is the most expensive state to live in?
Hawaii
There may be no more breathtaking a place than the Aloha State, but prices in Hawaii, America’s most expensive state, will take your breath away, too.
Is it cheaper to live in MA or NH?
The cost of living in Boston, MA is 38.7% higher than in Manchester, NH. You would have to earn a salary of $83,243 to maintain your current standard of living. Employers in Boston, MA typically pay 9.8% more than employeers in Manchester, NH.
What should you know before moving to New Hampshire?
Moving to New Hampshire soon? Here are a few things you should know if you don’t already!
- “Wicked” Isn’t a Bad Thing.
- New Hampshire is not a right-to-work state.
- New Hampshire is a swing state.
- No income tax, sales tax = higher property tax.
- Things that are not illegal in New Hampshire:
What is the winters like in New Hampshire?
Climate and Average Weather Year Round in New Castle New Hampshire, United States. In New Castle, the summers are warm; the winters are freezing, snowy, and windy; and it is partly cloudy year round. Over the course of the year, the temperature typically varies from 20°F to 80°F and is rarely below 6°F or above 88°F.
What is minimum wage in NH?
$7.25
Officially, New Hampshire’s minimum wage is $7.25 an hour.
What is the safest and cheapest state to live in?
10 best states to live in, based on cost, safety and quality of life
- New York. Total score: 61.63.
- Idaho. Total score: 61.16.
- Minnesota. Total score: 60.97.
- Wisconsin. Total score: 60.94.
- Utah. Total score: 59.84.
- New Hampshire. Total score: 59.59.
- Iowa. Total score: 59.49.
- Pennsylvania. Total score: 59.21.
Which state has the cheapest cost of living?
States with the Lowest Cost of Living
- Mississippi. Mississippi has the lowest cost out of living of all 50 states.
- Oklahoma. Oklahoma has the second-lowest cost of living in the United States.
- Arkansas. The state with the third-lowest cost of living in Arkansas.
- Kansas.
- Missouri.
- Georgia.
- Alabama.
- New Mexico.
What is the cheapest state to buy a house?
- Mississippi. Mississippi is the cheapest state to buy a home in with a median home value of $114,500.
- West Virginia. West Virginia is the second-cheapest state to buy a home.
- Arkansas. Arkansas’s median home value is about $123,300, the third-lowest in the country.
- Oklahoma.
- Kentucky.
- Indiana.
- Alabama.
- Ohio.
Which state is the richest in USA?
These states are the wealthiest in the country:
- New Hampshire.
- Washington.
- Connecticut.
- California. Median household income: $80,440.
- Hawaii. Median household income: $83,102.
- New Jersey. Median household income: $85,751.
- Massachusetts. Median household income: $85,843.
- Maryland. Median household income: $86,738.
What is NH known for?
It’s commonly known as the Granite State for its extensive granite formations and quarries, but also has three other nicknames: Mother of River, the White Mountain State and Switzerland of America. 3.
What is the average household income in New Hampshire?
$77,933
Median household income in New Hampshire is $77,933.
Is it better to live in NH or Maine?
In terms of weather, Maine is undoubtedly the better state as it has one of the country’s friendliest summers. However, New Hampshire beats Maine when it comes to tax policies as it is widely viewed to be a tax-friendly state for retirees.
Does New Hampshire get a lot of snow?
New Hampshire, New Hampshire gets 46 inches of rain, on average, per year. The US average is 38 inches of rain per year. New Hampshire averages 68 inches of snow per year. The US average is 28 inches of snow per year.
