To determine the income needed to be classified as rich in each state, 24/7 Wall St.
| State | New Hampshire |
|---|---|
| Minimum Annual Income to Be in Top 20% of Earners | $145,865 |
| Share of Income Controlled by Top 20% | 48.0% |
| Minimum Annual Income to Be in Top 5% | $250,000 |
| Median Household Income | $77,933 |
Is New Hampshire for rich people?
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.
Can I afford to live 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 expensive to live in New Hampshire?
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.
What is the poorest city in NH?
| State | Poorest Town | Population |
|---|---|---|
| New Hampshire | Berlin | 10,382 |
| New Jersey | Crestwood Village | 8,164 |
| New Mexico | Belen | 7,106 |
| New York | New Square | 8,133 |
Is NH a poor state?
One of the chief drivers of New Hampshire’s high median income is its poverty rate, which is the lowest in the nation. Only 6.9 percent of the state’s residents live below the poverty line, compared with a national average of 13.7 percent (in Mississippi nearly 21 percent of people live in poverty).
What is a good salary in NH?
Average Salary in New Hampshire
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $102,566 | $8,547 |
| 75th Percentile | $76,925 | $6,410 |
| Average | $66,864 | $5,572 |
| 25th Percentile | $50,770 | $4,230 |
Why are homes so cheap in New Hampshire?
There is no income tax in the state, dividends and interest are taxed at just 5 percent, and there’s no sales tax either, which is why many New Englanders are flocking to the state not just to buy goods, but to put down roots. To compensate, property taxes can be considerably higher than in other areas of the country.
What is the cheapest town in NH to live in?
The eastern town of Conway lands at the top of our list of most affordable cities in New Hampshire.
What is minimum wage in NH?
That is why I was proud to once again introduce legislation to raise the minimum wage. SB 203 is simple — incrementally increase New Hampshire’s minimum wage between September of 2022 to July of 2024 from $10 per hour, $12 per hour, and finally $15 per hour.
Why is rent so expensive in NH?
“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.”
What state has the lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
What to Know Before moving to NH?
Quick facts to know before moving to New Hampshire
- There are no income and sales taxes in New Hampshire.
- Crime rates in New Hampshire are lower than the national average.
- Unemployment rates in New Hampshire are lower than the U.S. average.
- New Hampshire median home cost is $274,300.
Is it cheaper to live in Massachusetts or NH?
The cost of living in NH is 15% less than MA.
Is New Hampshire a red state?
Voters predominantly selected Republicans for national office during the 19th and 20th centuries until 1992. 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.
What is the wealthiest county in New Hampshire?
Rockingham
New Hampshire counties ranked by per capita income
| Rank | County | Per capita income |
|---|---|---|
| 1 | Rockingham | $48,675 |
| 2 | Carroll | $42,085 |
| 3 | Hillsborough | $42,081 |
| New Hampshire | $41,234 |
What is the poorest county in NH?
Rockingham County
While Rockingham County has the lowest poverty rate in New Hampshire, this county is estimated to be home to the second-largest number of people in poverty, about 14,200, relative to other counties in the state.
What is the most remote town in NH?
Pemigewasset Wilderness Area Is The Most Remote Spot In New Hampshire. Thank you!
What is America’s poorest state?
Mississippi
Mississippi. Mississippi is the poorest U.S. state, with 18.8% of its residents living in poverty. The state also has the highest child poverty rate, with 27.9% of its under-18 population meeting federal poverty guidelines.
Why is poverty so low in New Hampshire?
The low poverty rate is a result of the state’s strong economy and low unemployment rate, said Taylor Caswell, state commissioner of the Department of Business and Economic Affairs. “There is a connection to the economy,” he said. “We have jobs available across the state.”
What state has the worst poverty?
Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).