No matter where you live in New Hampshire, rents are rising. Statewide, the median rent for a two-bedroom apartment is just shy of $1,500. That figure jumped by about 6% last year and about 24% in the last five years, according to New Hampshire Housing. But some parts of the state have seen even sharper increases.
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Is it expensive to live in New Hampshire?
An amount below 100 means New Hampshire is cheaper than the US average. A cost of living index above 100 means New Hampshire, New Hampshire is more expensive.
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 |
Why is rent so expensive in New Hampshire?
“In turn, the lack of inventory of affordable homes to purchase means that many would-be home buyers continue to rent because of a scarcity of homes in their price range. The lack of for-sale inventory adds pressure to rental costs in New Hampshire.”
How much does it cost 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 it cheaper to live in NH or MA?
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:
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 Nashua NH expensive to live?
Nashua’s housing expenses are 33% higher than the national average and the utility prices are 30% higher than the national average. Transportation expenses like bus fares and gas prices are 8% higher than the national average.
Is Portsmouth New Hampshire expensive?
The standard of living in Portsmouth ranks as #5,180 most affordable out of the 6,522 places we measured in New Hampshire. By definition, that implies Portsmouth ranks as the #1,227 most expensive place in the Granite State. For more reading on life in Portsmouth, check out: Living In Portsmouth.
Is New Hampshire a good place to raise kids?
New Hampshire is among the best states in America to raise a family, according to a report published Monday by the folks at WalletHub. The researchers looked at various factors in the following categories: family fun, health and safety, education and child care, affordability and socio-economics.
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.
Is New Hampshire a nice place to live?
The Granite State is filled with great places to call home. Ranked #2 on U.S. News and World Report’s list of best states to live in the U.S., New Hampshire is known for its excellent quality of life, robust economy and pristine wilderness.
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 |
Are property taxes high in NH?
(The Center Square) – A new study shows New Hampshire ranks third highest in the country for high property taxes. According to findings released by financial website WalletHub, the state has a 2.18% tax rate with consumers paying $5,701 in real estate taxes on a home with a $261,700 median value.
Does NH have income tax?
Finally, New Hampshire does not levy a typical individual income tax, but still taxes income from interest and dividends.
Is Fremont NH Safe?
Is Fremont, NH Safe? The A+ grade means the rate of crime is much lower than the average US city. Fremont is in the 95th percentile for safety, meaning 5% of cities are safer and 95% of cities are more dangerous.
How bad are winters in New Hampshire?
When we took the average annual temperature of the ten most populous cities in each state and weighed them against each other, we found that the average annual temperature in New Hampshire is WARMER THAN—or within FIVE degrees of—a whopping 24 states! Yup, almost half!Yes, NH winters can be cold, and it does snow.
What are winters like in New Hampshire?
Since 1895, New Hampshire’s average winter temperatures (December through March) have warmed by more than 4 degrees Fahrenheit, with broad impacts on many aspects of daily life, from snow shoveling and gardening to participating in—and running businesses sustained by—winter sports.
How long do you have to live in New Hampshire to be considered a resident?
60 days
Register in NH as a Resident: If you are a college student and choose to become a resident, you will have 60 days upon establishing residency in the State of New Hampshire to obtain a New Hampshire driver’s license and register your vehicle.
What is low income in NH?
$3,168. Annual Income Needed to Afford. New Hampshire.
What is considered low income in NH?
The Census Bureau data finds an estimated 94,289 people in New Hampshire lived below the federal poverty line in 2016. The poverty threshold used by the Census Bureau for income in the twelve months preceding July 2016 is $12,391 for an individual under 65 years of age and $19,171 for a family of three with one child.
