Everyone wants a home that mixes affordability with comfort and New Hampshire does this very well. Families love the Granite State’s beaches, midlands, and mountains as tourists before moving here and calling it home.
But before you decide to relocate, you have to do some research into the exact cost of living around the state — and that’s how we’re going to help you.
These are the places in New Hampshire that cost a pretty penny — the most expensive cities in the state.
After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in New Hampshire for 2019.
So where is the most expensive place to live in New Hampshire? That would be Durham.
So hopefully Somersworth (the cheapest place to live in New Hampshire) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.
And if you already knew these places were expensive, check out some more reading about New Hampshire and the most expensive cities in the country:
The 10 Most Expensive Places To Live In New Hampshire For 2019
Durham is a town in Strafford County, New Hampshire, United States. The population was 14,638 at the 2010 census. Durham is home to the University of New Hampshire.
The median income in Durham comes in at $42,688 and the median home value is $336,000 for 2019.
Newmarket is a town in Rockingham County, New Hampshire, United States. The population was 8,936 at the 2010 census. Some residents are students and employees at the nearby University of New Hampshire in Durham.
The median income in Newmarket comes in at $61,189 and the median home value is $226,600 for 2019.
Portsmouth is a city in Rockingham County, New Hampshire, in the United States. It is the only city in the county, but only the fourth-largest community, with a population of 21,233 at the 2010 census. As of 2016 the estimated population was 21,485. A historic seaport and popular summer tourist destination, Portsmouth was the home of the Strategic Air Command’s Pease Air Force Base, later converted to Portsmouth International Airport at Pease with limited commercial air service.
The median income in Portsmouth comes in at $72,384 and the median home value is $373,000 for 2019.
Manchester is the most populous city in the U.S. state of New Hampshire and the largest city in northern New England, an area comprising the states of Maine, New Hampshire, and Vermont. As of the 2010 census, the city had a population of 109,565, and its estimated 2016 population was 110,506. It is one of two seats of Hillsborough County, the state of New Hampshire’s most populous county. Manchester is located near the northern end of the Northeast megalopolis, along the banks of the Merrimack River-which divides the city into eastern and western sections. It was first named by the merchant and inventor Samuel Blodgett. Blodget’s vision was to create a great industrial center similar to that of the original Manchester in England, which was the world’s first industrialized city.
The median income in Manchester comes in at $56,467 and the median home value is $210,900 for 2019.
Hanover is a town along the Connecticut River in Grafton County, New Hampshire, United States. The population was 11,260 at the 2010 census. CNN and Money magazine rated Hanover the sixth best place to live in America in 2011, and the second best in 2007. “This just might be the best college town,” read the headline of a story in the January-February 2017 issue of Yankee.
The median income in Hanover comes in at $97,422 and the median home value is $499,300 for 2019.
Milford is a town in Hillsborough County, New Hampshire, United States, on the Souhegan River. The population was 15,115 at the 2010 census. It is the retail and manufacturing center of a six-town area known informally as the Souhegan Valley.
The median income in Milford comes in at $61,125 and the median home value is $220,100 for 2019.
Hampton is a town in Rockingham County, New Hampshire, United States. The population was 14,976 at the 2010 census. Located beside the Atlantic Ocean, Hampton is home to Hampton Beach, a summer tourist destination.
The median income in Hampton comes in at $90,514 and the median home value is $341,600 for 2019.
Nashua is a city in Hillsborough County, New Hampshire, United States. As of the 2010 census, Nashua had a total population of 86,494, making it the second-largest city in the state after Manchester. As of 2016 the population had risen to an estimated 87,882.
The median income in Nashua comes in at $70,316 and the median home value is $248,200 for 2019.
Dover is a city in Strafford County, New Hampshire, United States. The population was 29,987 at the 2010 census, the largest in the New Hampshire Seacoast region. The population was estimated at 31,153 in 2016. It is the county seat of Strafford County, and home to Wentworth-Douglass Hospital, the Woodman Institute Museum, and the Children’s Museum of New Hampshire.
The median income in Dover comes in at $65,922 and the median home value is $240,400 for 2019.
Lebanon locally is a city in Grafton County, New Hampshire, United States. The population was 13,151 at the 2010 census and an estimated 13,513 as of 2016. Lebanon is located in western New Hampshire, south of Hanover, near the Connecticut River. It is the home to Dartmouth-Hitchcock Medical Center and Dartmouth Medical School, together comprising the largest medical facility between Boston, Massachusetts and Burlington, Vermont.
The median income in Lebanon comes in at $64,564 and the median home value is $239,100 for 2019.
How We Determined The Most Expensive Places To Live In The Granite State For 2019
The two most important things to think about when it comes to being able to afford if you can live comes down to:
- How much do money do I make?
- How much do I have spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2013-2017 around incomes and costs. They are:
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).
You can then compare these metrics in each of the places in New Hampshire to figure out which is the most expensive.
What you are left with is a “Cost of Living Index” by taking the average rank of each of these metrics for each city.
So we used that cost of living index in order to rank all of the 25 places in New Hampshire that have more than 5,000 people.
The place with the highest cost of living in New Hampshire according to the data is Durham.
Taking A Chunk Out Of Your Paycheck In New Hampshire For 2019
Well there you have it, the places in New Hampshire that have the highest cost of living, with Durham ranking as the most expensive city in the Granite State.
Here’s a look at the most affordable cities in New Hampshire according to the data:
- South Hooksett
For more New Hampshire reading, check out:
- 10 Best Places To Raise A Family In New Hampshire
- These Are The 10 Richest Cities In New Hampshire
- These Are The 10 Best Counties To Live In New Hampshire
Detailed List Of The Most Expensive Cities In New Hampshire