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Hampton, Londonderry, South Hooksett: These cities aren't just some of the best places to live in New Hampshire. They are also home to some of the richest people in the Granite State.
Hampton in particular houses the richest residents in the state thanks, in part, to a median household income of $92,688 and a ridiculously low poverty rate of 4.3416447944007%.
If you're thinking of moving to one of these towns, you'll probably need to start saving. The richest places in New Hampshire share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
How did we come up with these mega wealthy cities? We analyzed Census data from the 2014-2018 American Community Survey for the 27 places in New Hampshire with more than 5,000 people.
At the end of the day, here's the set of the 10 richest places in New Hampshire for 2020:
- Hampton (Photos | Homes For Sale)
- Londonderry (Photos | Homes For Sale)
- South Hooksett (Photos | Homes For Sale)
- Portsmouth (Photos | Homes For Sale)
- Newmarket (Photos | Homes For Sale)
- Milford (Photos | Homes For Sale)
- Lebanon (Photos | Homes For Sale)
- Suncook (Photos | Homes For Sale)
- Hanover (Photos | Homes For Sale)
- Dover (Photos | Homes For Sale)
For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in New Hampshire.
Rich people not your cup of tea? Feel free to check out some more reading about New Hampshire:
The 10 Richest Cities In New Hampshire For 2020
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.
Londonderry is a town in western Rockingham County, New Hampshire, United States. The town is bordered on the north by the city of Manchester and on the east by the town of Derry. The population was 24,129 at the 2010 census. Londonderry is known for its apple orchards and is home to the headquarters of Stonyfield Farm and partial home to Manchester-Boston Regional Airport.
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.
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.
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.
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.
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.
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.
How We Determined The Richest Places In New Hampshire For 2020
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don't believe that one statistic wholly encompasses what it means to be one of the "richest places". So we looked at this set of criteria from the newly released 2014-2018 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 27 places with more than 5,000 people in New Hampshire, we ranked each place from 1 to 27 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a "Rich Score" with the place having the lowest overall Rich Score, Hampton, crowned the "Richest City In New Hampshire For 2020". You can download the data here.
You can learn more about the top ten below or skip to the end to see the rankings for all 27 places.
There You Have It - The Wealthiest Places In New Hampshire For 2020
Like we said earlier, when we set out to identify the richest places in New Hampshire, we weren't sure what we'd encounter, but it ended up being some of the best places to live in New Hampshire.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you're curious enough, here are the poorest cities in New Hampshire, according to data:
2nd Poorest: Durham
3rd Poorest: Newport
For more New Hampshire reading, check out:
- Best Places To Raise A Family In New Hampshire
- Most Dangerous Cities In New Hampshire
- Safest Places In New Hampshire
Detailed List Of The Richest Cities In New Hampshire