New Hampshire Cost Of Living Statistics


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New Hampshire Cost Of Living Statistics 2023: Facts about Cost Of Living in New Hampshire reflect the current socio-economic condition of the state.

new-hampshire

LLCBuddy editorial team did hours of research, collected all important statistics on New Hampshire Cost Of Living, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to start a New Hampshire LLC business in 2023? Maybe for educational purposes, business research, or personal curiosity, whatever it is – it’s always a good idea to gather more information.

How much of an impact will New Hampshire Cost Of Living Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top New Hampshire Cost Of Living Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 6 New Hampshire Cost Of Living Statistics on this page 🙂

New Hampshire Cost Of Living “Latest” Statistics

  • Based on the most recent estimates from 2017, approximately 47% of New Hampshire renters were spending greater than 30% of their income on rental costs.[1]
  • Along with the continued increase in the cost of renting the vacancy rate of units across the state has continued to drop and currently sits below 1%.[1]
  • Food, housing, utilities, transportation, and health care are the five main consumer categories that the index takes into account; health care is the most costly of these in New Hampshire when compared to national pricing, costing roughly 15.8% more than the national average.[2]
  • According to the Missouri Economic Research and Information Center’s composite cost of living index, New Hampshire has a cost of living that is 9.9% greater than the national average.[2]

New Hampshire Cost Of Living “Be” Statistics

  • The U.S. median household income was predicted to be $60,336 per year in 2017, whereas the median household income in New Hampshire was estimated to be $73,381 per year.[1]

New Hampshire Cost Of Living “Other” Statistics

  • According to estimates, the percentage of senior residents in the state will reach roughly 34% by 2035.[1]

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How Useful is New Hampshire Cost of Living

One of the biggest concerns when it comes to the cost of living in New Hampshire is housing. The state has seen a significant increase in housing prices in recent years, making it challenging for many residents to find affordable options. This has led to an increase in homelessness and has put a strain on social services in the state. While some argue that the high cost of living is a result of the state’s desirable amenities and quality of life, others point to the lack of affordable housing options as a major problem that needs to be addressed.

In addition to housing, the cost of living in New Hampshire can also impact other aspects of daily life. High prices on groceries, utilities, and healthcare can make it difficult for residents to stretch their budgets and provide for their families. This can lead to financial stress and can have a negative impact on mental health and overall well-being.

Despite the challenges posed by the cost of living in New Hampshire, there are also benefits to living in the state that should be considered. New Hampshire offers residents access to beautiful natural landscapes, quality education, and low crime rates. The state also has a strong sense of community, with residents coming together to support one another in times of need.

When considering the usefulness of the New Hampshire cost of living, it is important to take into account both the challenges and the benefits that come with living in the state. While the high cost of living can pose significant obstacles for residents, there are also many positive aspects that can make living in New Hampshire a worthwhile experience.

Ultimately, the usefulness of the New Hampshire cost of living will vary depending on individual circumstances. For some, the state’s amenities and quality of life may outweigh the financial challenges posed by the high cost of living. For others, finding affordable housing and making ends meet may be a constant struggle. It is important for policymakers and community leaders to address these issues and work towards finding solutions that benefit all residents of the state. So, how useful is the New Hampshire cost of living? The answer may be complex, but it is certainly a question worth exploring further.

Reference


  1. nhfpi – https://nhfpi.org/resource/new-hampshires-workforce-wages-and-economic-opportunity/
  2. 247wallst – https://247wallst.com/state/how-the-cost-of-living-in-new-hampshire-compares-to-the-nation/

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