It is notable how much of what makes up the New Hampshire economy, as with most economies, is simply the buying goods and services by residents and visitors. The Retail industry provided 14 percent of the employment in the state in 2019. The Accommodations and Food Service industry made up 9 percent.
What kind of economic activities did New Hampshire have?
Agriculture. In terms of revenue generated New Hampshire’s top five agricultural products are greenhouse and nursery products, dairy products, apples, cattle and calves, and sweet corn.
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.
What is NH known for?
It’s commonly known as the Granite State for its extensive granite formations and quarries, but also has three other nicknames: Mother of River, the White Mountain State and Switzerland of America. 3.
How much of New Hampshire’s economy is tourism?
Tourism makes up a large part of New Hampshire’s economy and employment. Tourism-related businesses employed an average of 49,100 workers in 2019, roughly seven percent of total employment in the state.
What is New Hampshire main industry?
Travel and tourism are mainstays of the state economy with spending by tourists accounting for over 8% of the gross state product. It is estimated that approximately 64,000 people are employed within the travel and tourism industry in the state.
What is the biggest industry in New Hampshire?
In New Hampshire, insurance carriers and related activities is the largest industry, accounting for 4.9% of the state’s total GDP of $87.6 billion.
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 |
Who is the richest family in New Hampshire?
As of August 2022, the richest person in New Hampshire is Rick Cohen. Rick Cohen lives in Keene.
What is a good salary in New Hampshire?
Average Salary in New Hampshire
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $102,566 | $49 |
| 75th Percentile | $76,925 | $37 |
| Average | $66,864 | $32 |
| 25th Percentile | $50,770 | $24 |
What’s New Hampshire’s 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. At the beginning of this year, 21 states across the country increased their minimum wages.
What’s it like living in New Hampshire?
“New Hampshire has many natural advantages. It’s a small state, which makes it easy to access ski mountains, hiking, the beach, and the lakes, all while staying within an hour from Boston. Low crime rates and no income or sales tax make it a great place to live. Plus, it simply has natural beauty in all seasons.
How expensive is it to live 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.
Which state has the best economy 2021?
Utah
The economy is recovering in 2021 in terms of its gross domestic product, but it may be a few years before the labor market recovers fully, and the COVID-19 pandemic has exposed deep fissures in the country’s economic equality. Utah is the top state for economy.
How many tourists visit NH each year?
Concord, NH – Following a record-breaking summer, New Hampshire’s fall 2021 tourism season set new records last year, bringing 4.3M visitors to the state – an increase of 38% from 2019, the previous record year. Visitors spend nearly $2 billion in-state – an increase of 65% from 2019.
How many tourists visit New Hampshire in the summer?
4.4 million visitors
In Summer 2021, the state welcomed 4.4 million visitors who spent more than $2.1 billion, breaking previous records set pre-pandemic in Summer 2019 and representing a 21% increase in visitors and a 5% increase in spending for the season.
Who is the largest employer in New Hampshire?
This statistic shows the leading companies headquartered in New Hampshire in 2020, by number of employees. In that year, C&S Wholesale Grocers was the largest company headquartered in New Hampshire, employing about 17,000 people.
How does New Hampshire make money?
The New Hampshire revenue system draws primarily from federal transfers, State taxation, enterprise funds, and fees for services. Federal transfers account for just over 30 percent of the State Budget, and remain similarly important when considering the broader universe of revenues beyond State Budget funding.
What are the most common jobs in New Hampshire?
Detailed List Of The Most Common Jobs In Manchester, NH
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Sales Associate | $29,847 |
| 2 | Cashier | $27,488 |
| 3 | Licensed Nursing Assistant | $29,946 |
| 4 | Customer Service Representative | $31,000 |
What are 3 major industries in New Hampshire?
Overview of the New Hampshire Economy
The top three employment sectors include Health care and social assistance, Retail trade and Professional, scientific, and technical services while the unemployment rate across the state in March 2020 was 5.3%.
What is New Hampshire known for growing?
Apples, vegetables and sweet corn, and maple products round out New Hampshire’s top crops. Top livestock categories, after dairy, are poultry, cattle and calves, and other livestock.