Concord cost of living is 95.8
| COST OF LIVING | Concord | New Hampshire |
|---|---|---|
| Health | 86.5 | 87.7 |
| Housing | 100.3 | 118.6 |
| Median Home Cost | $302,300 | $357,000 |
| Utilities | 120.2 | 120.5 |
Is Concord NH expensive to live?
According to Bestplaces.net, Concord has a cost of living index of just 95.8, which is lower than the US average of 100, and the New Hampshire average of 105.4. You’ll pay a bit more for groceries (105.2), utilities (120.2) and housing (100.3) than you would in the rest of the United States.
How much 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.
What is the average cost of living in New Hampshire?
Average Cost of Living in New Hampshire: $51,760 per year
If you’re considering relocating to this New England state, the cost of living could affect your monthly budget. According to MERIC data gathered in the third quarter of 2021, New Hampshire has the 38th lowest cost of living in the country.
Is Concord New Hampshire a good place to live?
Diversity is better than other cities in New Hampshire but still could improve. A fantastic place to live, and a really great place to raise a family, Concord is one of the friendliest places imaginable.
Is it cheaper to live in Massachusetts or NH?
The cost of living in NH is 15% less than MA.
Why are NH homes so expensive?
The economic principle of supply and demand has been hard at work in the real estate market since well before anyone ever heard of Covid-19. The pandemic exacerbated it, driving demand where supply is thin, therefore driving up prices, particularly in the Seacoast region.
What is the cheapest place to live in New Hampshire?
10 Most Affordable Cities in New Hampshire
- Claremont.
- Rochester.
- Laconia.
- Somersworth.
- Concord.
- Manchester.
- Derry.
- Keene.
What does the average person in NH pay for rent?
You can expect to pay an average of $1,242 in rent.
What is the average electric bill in NH?
In New Hampshire, the average monthly electricity bill for residential consumers is $191/month, which is calculated by multiplying the average monthly consumption by the average rate for electricity: 942 kWh * 20 ¢/kWh.
What is the richest town in NH?
Hampton Falls, New Hampshire
New Hampshire is the eighth wealthiest state in the United States, having a median household income of $76,768 as of 2019.
New Hampshire communities by household income.
| Rank | Community | Median household income |
|---|---|---|
| 1 | Hampton Falls, New Hampshire | $129,531 |
| 2 | Bedford, New Hampshire | $127,945 |
| 3 | Amherst, New Hampshire | $127,246 |
What is the poorest town in New Hampshire?
Berlin
| 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).
Is downtown Concord NH Safe?
The chance of becoming a victim of either violent or property crime in Concord is 1 in 54. Based on FBI crime data, Concord is not one of the safest communities in America. Relative to New Hampshire, Concord has a crime rate that is higher than 92% of the state’s cities and towns of all sizes.
What is the best place to live in New Hampshire?
The Top 15 Best Towns to Live Throughout New Hampshire [2022]
- 15 Communities to Call Home. The Granite State is filled with great places to call home.
- Portsmouth. (pop.
- Londonderry. (pop.
- Amherst. (pop.
- Exeter. (pop.
- Wolfeboro. (pop.
- Hanover. (pop.
- Dover. (pop.
Which city in New Hampshire has the best weather?
Portsmouth has the best weather in New Hampshire; it has 198 sunny days a year, which brings this city the closest to the United States annual average. In addition, the city has higher monthly temperature ranges than other cities in New Hampshire.
Do I pay Ma income tax if I live in NH?
If you’re a New Hampshire resident working in Massachusetts, taxes can seem complicated, but they don’t have to be that way. Essentially, you should pay Massachusetts income taxes for the wages or salaries that you earn while physically working in Massachusetts.
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.
Is it better to buy a house in NH or MA?
While New Hampshire does have a higher property tax, hovering around an average of 2.05% of the overall property value compared to the Massachusetts average of 1.15%, homeowners could be saving their money in other ways.
Why is rent in NH so high?
“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.”
Is New Hampshire tax free shopping?
Shopping in NH
Tax-free shopping. With “Live Free” as the first half of our state motto, it’s only fitting we’d offer tax-free shopping. That’s right, you read that correctly. Here in New Hampshire, we still say, “no” to taxing purchases.