Is Living In New Hampshire Expensive?

Average Cost of Living in New Hampshire: $51,760 per year If New Hampshire exceeds your budget, don’t bank on finding an affordable nearby state to move to. All of the states around New Hampshire — Maine, Massachusetts, Connecticut, Rhode Island, and New York — are some of the most expensive in the country to live in.

Is it cheaper to live in NH or NY?

The cost of living in Nashua, NH is -38.4% lower than in New York, NY. You would have to earn a salary of $36,944 to maintain your current standard of living. Employers in Nashua, NH typically pay -9.9% less than employers in New York, NY.

Is it worth living in New Hampshire?

New Hampshire has been listed as the number two state to live in America by U.S. News and World Report’s list. The state is predominantly known for its pristine wilderness, high quality of life, and excellent job market. It is defined by quaint little towns and fast wilderness.

Is it cheaper to live in New Hampshire or Massachusetts?

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.

Which state has the lowest cost of living?

Mississippi
Mississippi
Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average. The median single family home costs around $140,818.

What is a livable salary in NH?

Living Wage Calculation for New Hampshire

What is a good salary in NH?

$45,443 is the 25th percentile. Salaries below this are outliers. $80,536 is the 75th percentile.

What are the cons of living in New Hampshire?

List of the Cons of Living in New Hampshire

• Unemployment levels can be challenging when living in New Hampshire.
• If you don’t like winter, then you are not going to love living in New Hampshire.
• There is not much diversity to find in New Hampshire.
• Public transportation in New Hampshire is laughable.

Why do people move to New Hampshire?

According to national quality of life indicators New Hampshire is almost always in the top 3 states that have the highest quality of life. New Hampshire provides its residents with many natural attractions such as lakes, rives, beaches, and mountains. Plus, it has all four seasons!

Is it always cold in New Hampshire?

Average daytime and nighttime temperatures
New Hampshire is one of the coldest regions in the United States with an average daily high temperature of only 15 degrees centigrade. The climate is very changeable and offers varied seasons with deep winters and warm summers.

Is New Hampshire a tax free state?

Five states do not impose a state sales tax,2 while nine states do not impose a state income tax. 3 Only Alaska and New Hampshire have no state income tax or state sales tax.

What are the pros and cons of living in New Hampshire?

The Pros And Cons Of Living In New Hampshire

• Natural beauty in a tranquil setting.
• Low crime rates.
• Good economic and educational opportunities.
• No sales tax.
• No state income tax on salaries and wages.
• High property taxes.
• Harsh and long winters.
• Limited diversity.

Are taxes high in New Hampshire?

New Hampshire Tax Rates, Collections, and Burdens
New Hampshire has a flat 5.00 percent individual income tax rate which is levied only on interest and dividends income. New Hampshire also has a 7.60 percent corporate income tax rate. New Hampshire does not have a state sales tax and does not levy local sales taxes.

What is the 2 cheapest state to live in?

Here are the top 10 least expensive states to live in, according to worldpopulationreview.com:

• Mississippi (83.3)
• Kansas (86.5)
• Alabama (87.9)
• Oklahoma (87.9)
• Georgia (88.8)
• Tennessee (89)
• Missouri (89.8)
• Iowa (89.9)

What is the best state to live in financially?

Researchers at the personal finance publication ranked the 50 states based on scores in five categories: affordability, economy, education and health, quality of life, and safety. Massachusetts topped 2022’s list, touting a score of 62.65 out of 100. New Jersey came in second, dropping from the top spot last year.

What is the best state to move to right now?

The top state is Massachusetts, which ranked first in the nation for education and health, fourth for safety, sixth for quality of life, and 10th for its economy. It did rank a low 44th out of 50 states for affordability, but its overall score was enough to eke out a win over the closely-second next state.

What is NH minimum wage?

$7.25
Like many other states, New Hampshire has a $7.25 minimum wage. That is the federal minimum, and it is $3/hr less than the minimum wage in any surrounding state. According to the New Hampshire Economic and Labor Market Bureau, roughly 11,000 New Hampshire residents (about 1% of the workforce) make minimum wage or less.

Is rent expensive in New Hampshire?

New Hampshire (NH) has the 12th highest rent in the country out of 56 states and territories. The Fair Market Rent in New Hampshire ranges from $792 for a 2-bedroom apartment in Coos County, NH to $2,336 for a 2-bedroom unit in Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area.

Is New Hampshire a red state?

Since then, the state has been considered as a swing state. Since 2006, control of the state legislature and New Hampshire’s congressional seats have switched back and forth between Republicans and Democrats, although the state has voted for the Democratic candidate in the last five presidential elections since 2004.

What jobs are in high demand in New Hampshire?

Detailed List Of The Fastest Growing Jobs In New Hampshire

Is New Hampshire rich or poor?

New Hampshire is the eighth wealthiest state in the United States, having a median household income of $76,768 as of 2019. The most affluent parts of the state are in the Seacoast Region, in the outer Boston suburbs and around Dartmouth College.