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From its low crime and safety to beautiful landscapes, New Hampshire frequently tops the charts as one of the best states to call home. This picturesque state in the New England region gets high marks for its quality of life and good cost of living.
Even though its biggest city has a population of just over 115,000, New Hampshire’s small and mid-sized cities are bonafide centers for art, culture, dining and business. The state is also a siren call to nature lovers, with massive forests and a quaint coastline.
While New England is generally an expensive area to live in, New Hampshire’s cost of living isn’t too bad. It’s one of the more reasonably-priced states in the region. While most costs like housing and groceries are above the national average, they’re not astronomically high. Looking at how the cost of living varies in different cities around the state, you can find the right place for you to live. Let’s dive into what to expect in terms of the cost of living in New Hampshire.
New Hampshire housing prices
The cost of housing in most New Hampshire cities and towns is higher than the national average. This is especially true of major cities like Manchester, Nashua and Concord.
Housing costs in Manchester run 12.9 percent above the national average. Rents here are also on the rise. The cost for one-bedroom apartments is up 9 percent from last year to $1,584. Two-bedroom apartments are up 28 percent to $1,855.
Manchester’s housing market is also up 15.2 percent from last year. The median sale price for a home here is $386,000. For reference, the national median sale price for a house is $430,982.
In Concord, the state capital and a popular college town, the average rent for a one-bedroom apartment is $1,245. In Nashua, the second-most-populous city in the state, the average one-bedroom rent is $1,725. Of New Hampshire’s three most populous cities, Concord has the lowest average rent. If you’re priced out of these cities, don’t worry. Smaller towns nearby likely have more affordable options.
New Hampshire food prices
Living in New Hampshire means getting to enjoy classic New England flavors, dishes and foods like maple syrup, apple cider donuts and seasonal produce like apples. New Hampshire cuisine is also a richly diverse melting pot of different cuisines from Indigenous and immigrant communities. Comprised of corned beef, potatoes and other root vegetables, boiled dinner is one quintessential New Hampshire dish.
Food costs in some New England states are high. But that’s not really the case for New Hampshire. Average grocery costs here are 0.3 percent below the national average. In terms of monthly food spending, New Hampshire residents are pretty middle-of-the-road. The average New Hampshire local spends between $266 and $300 on food each month. Annually, that comes out to between $3,201 and $3,6000.
Manchester’s food costs are a bit higher at 9.1 percent above the national average, as well as the statewide average. To put that figure in perspective, here’s roughly what you’ll pay for some basic and common grocery items. A half-gallon of milk is $2.53. Buying a dozen eggs will set you back $2.07. The price of steak is pretty high at $19.10.
New Hampshire utility prices
You’ll be paying more than the national average for utilities like water, electricity and internet in New Hampshire.
The state gets the majority of its electricity from nuclear power. The rest comes from a mix of natural gas and renewables like hydropower and biomass. The state’s water comes from rivers, lakes and wells. For these and other essential utilities, you’ll pay 16.3 percent above the national average.
Living in Manchester, your total monthly energy bills come out to around $228.73.
New Hampshire transportation prices
Transportation costs in New Hampshire are some of the lowest cost of living expenses in relation to the national average. As a smaller state, most cities and towns around New Hampshire have mass transit options of some sort. In many cities, bus systems offer connections to other nearby cities and towns, as well. There are 12 different bus systems around the state, with the most extensive being in Manchester. Transportation costs in Manchester are 3.9 percent above the national average.
There are many benefits to using public transportation in your city and state. If you live in a big city and commute to work, it saves on gas money and vehicle expenses. It’s also more environmentally friendly and can cut down on traffic congestion. Let’s take a closer look at Manchester’s mass transit options and their costs.
MTA in Manchester
With 16 bus routes and 357 stops, the Manchester Transit Authority provides public transportation and paratransit services to the city of Manchester. It also has commuter connections to nearby towns like Concord and Nashua. Their fleet consists of eco-friendly hybrid-electric and fuel-efficient buses. The Green DASH provides free shuttle service around the downtown area, as well.
On MTA buses, one-way rides on fixed routes around Manchester are $2. Weekly passes cost $20 and a monthly pass is $60. Discounts are available for the elderly, those with disabilities and students. If you use the commuting routes to Concord or Nashua, day passes are $5.
The 44-mile Everett Turnpike or Central New Hampshire Turnpike runs through Manchester. You’ll pay $1.40 with E-ZPass for 2-axle cars and $2 in cash.
With its compact city center and safe streets, pedestrians and cyclists will also find it easy to get around town. Manchester has a good walk score of 59, meaning that the city is fairly walk-friendly. Its bike score is slightly lower at 46. Between buses, walking and bikes, there are all kinds of ways to get around Manchester on the cheap. The presence of intercity commuter buses also provides essential links between cities and towns.
New Hampshire healthcare prices
Since some people pay more for healthcare due to pre-existing health conditions or expensive prescriptions, it’s difficult to get an accurate average price for healthcare. That being said, overall New Hampshire has higher-than-average healthcare costs. You’ll pay roughly $171.43 for a visit to the doctor’s office in the state’s most populous city.
In Vermont, a doctor’s visit costs around $126.63. In Portland, ME, it costs $143 to see the doctor. Regionally, this makes New Hampshire one of the more costly places for healthcare. Compared to the national average, Manchester is 24.1 percent above.
Going to the dentist also comes with a high price tag of $144.71. Even though healthcare costs are high, you’re paying for top-quality care. New Hampshire ranks 13th in the country for healthcare quality, access and overall public health. New Hampshire is also one of the healthiest states in the nation, with a very high quality of life. Hopefully, that means a high healthcare bill comes with a clean, long-lasting bill of health.
New Hampshire goods and services prices
The cost of goods and services in New Hampshire is 29.6 percent above the national average. Be prepared to pay out a bit more than the rest of the country for basic items and services here. Going to get your haircut will set you back $29.43. In comparison, a haircut in the city of Burlington in neighboring Vermont costs $24. Movie tickets are pretty pricey at $14.67 a pop. Picking up a pizza costs $11.33 here compared to $9.99 in Burlington.
Taxes in New Hampshire
New Hampshire is one of 5 states that doesn’t have a sales tax, along with Oregon, Alaska, Delaware and Montana. That means you don’t have to pay any sales tax on goods you purchase here. For example, if you spend $1,000 to stock up on delicious New Hampshire maple syrup, you’ll pay $0 in sales tax. Similarly, counties and cities in New Hampshire don’t levy any local sales taxes.
New Hampshire also doesn’t levy state income taxes on wages and salaries. Interest and dividend income is a 5 percent rate for individuals. These lenient taxes make New Hampshire a popular place for retirees and people who enjoy lower taxes.
How much do I need to earn to live in New Hampshire?
Just because the cost of living in New Hampshire is higher than the national average doesn’t mean you have to write the state off. There’s a wide range of places to live around New Hampshire that fit different income levels and budgets, so you’re likely to find a place that works for you. It’s recommended that you only spend 30 percent of your gross monthly income on rent.
The average rent in Manchester is $1,576. That means that you need to make at least $5,253 monthly or $63,036 annually to follow the 30 percent rule.
If Manchester is too expensive, there are likely other cities around the state that fit your budget. Since Concord’s average rent is $1,245, you’d only need to make $49,800 a year. That comes out to $4,150 a month.
New Hampshire also has a high median household income of $77,923, so most households can follow the 30 percent rule.
You can use our rent calculator to figure out which New Hampshire cities and towns fit your budget.
Living in New Hampshire
While the overall cost of living in New Hampshire is above the national average, most prices are reasonable and manageable, especially given the state’s high median household income. So, even if prices are higher, higher incomes should offset it. Plus, no income and sales tax lets you stretch your budget even more. All in all, New Hampshire is a great New England state to live in for access to nature, art, food and good quality of living.
The Cost of Living Index comes from coli.org.
The rent information included in this summary is based on a calculation of multifamily rental property inventory on Rent. as of August 2022.
Rent prices are for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.
Source: rent.com