No matter where you live in New Hampshire, rents are rising. Statewide, the median rent for a two-bedroom apartment is just shy of $1,500. That figure jumped by about 6% last year and about 24% in the last five years, according to New Hampshire Housing. But some parts of the state have seen even sharper increases.
Why is rent so high in New Hampshire?
“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.”
How much does it cost to rent in New Hampshire?
For a more detailed breakdown, here is a list of average rent prices in the five most popular New Hampshire cities, including Dover, Portsmouth, Amherst, Concord, and Manchester.
New Hampshire Housing Costs.
| City | Average 1-Bedroom Rent | Average 2-Bedroom Rent |
|---|---|---|
| Manchester, NH | $1,487 | $1,700 |
Is New Hampshire expensive to live?
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 does the average person in NH pay for rent?
The overall increase of New Hampshire’s median rent and utility costs over the past decade continues into 2019, with total rental costs for residential units trending upward to the 2019 median level of $1,347 for a two-bedroom apartment.
Is it cheaper to live in NH than Ma?
The cost of living in NH is 15% less than MA. The cost of groceries in NH is 14% less than MA. The cost of housing in NH is 25% less than MA. The cost of utilities in NH is 10% less than MA.
Does New Hampshire have affordable housing?
Across New Hampshire, there is a shortage of rental homes affordable and available to extremely low income households (ELI), whose incomes are at or below the poverty guideline or 30% of their area median income (AMI).
Is New Hampshire affordable?
Our cost of living indices are based on a US average of 100. An amount below 100 means New Hampshire is cheaper than the US average.
New Hampshire cost of living is 105.4.
| COST OF LIVING | New Hampshire | United States |
|---|---|---|
| Housing | 118.6 | 100 |
| Median Home Cost | $357,000 | $291,700 |
| Utilities | 120.5 | 100 |
| Transportation | 87.6 | 100 |
Is New Hampshire a good place to live?
Ranked #2 on U.S. News and World Report’s list of best states to live in the U.S., New Hampshire is known for its excellent quality of life, robust economy and pristine wilderness. Though the state boasts many attributes, finding the best towns and cities to live in can be tough.
Is food expensive in New Hampshire?
New Hampshire Food Costs
In New Hampshire, a single adult spends an average of $3,452 on food annually, and a family of four spends $9,970 on average. For context, the nationwide average annual food expenditure is $3,240 for a single adult and $9,354 for a family of four.
Is it cheaper to live in Florida or New Hampshire?
New Hampshire is 16.4% more expensive than Florida.
What is the cheapest state to live in?
Mississippi
Mississippi. Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.
What state has the cheapest 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 is a good salary in NH?
Average Salary in New Hampshire
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $95,167 | $7,930 |
| 75th Percentile | $78,248 | $6,520 |
| Average | $65,421 | $5,451 |
| 25th Percentile | $52,342 | $4,361 |
What do I need to know about moving to New Hampshire?
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.
Does New Hampshire get a lot of snow?
3. New Hampshire. New Hampshire, Vermont’s neighbor, receives an average of 71.44 inches of snowfall every year. Mount Washington, the highest peak in New Hampshire, receives 23 feet of snow each year, making it the snowiest place in the country.
What are the pros and cons of living in New Hampshire?
10 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.
Should you move to New Hampshire?
New Hampshire is one of the safest states to live in the country. The crime rate here is well below the national average and even the larger cities have a reassuringly low statistics, especially when it comes to violent crime.
Are taxes high in New Hampshire?
New Hampshire is known as a low-tax state. But while the state has no personal income tax and no sales tax, it has the fourth-highest property tax rates of any U.S. state, with an average effective rate of 2.05%. Consequently, the median annual property tax payment here is $5,768. Not in New Hampshire?
What is considered affordable housing in NH?
Compare Jurisdictions
| Annual Income Needed to Afford | New Hampshire | Boston-Cambridge-Quincy HMFA |
|---|---|---|
| One-Bedroom | $39,978 | $76,960 |
| Two-Bedroom | $51,441 | $93,440 |
| Three-Bedroom | $67,133 | $116,240 |
| Four-Bedroom | $75,942 | $126,720 |
How long is the wait for Section 8 in NH?
6 + years
Waiting Lists
| Group Name (All Bedroom Size) | * Estimated Waiting Period |
|---|---|
| Section 8 (HCV) | 6 + years |
| LIHTC | 3 – 12 months with approval |
| SRO, FIT, VASH | 6 months |
| Homeless | Upon Availability |
