South Hooksett, Hampton, Portsmouth: 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.
South Hooksett in particular houses the richest residents in the state thanks, in part, to a median household income of $88,850 and a ridiculously low poverty rate of 2.3%.
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.
After analyzing Census data from the 2010-2014 American Community Survey for the 24 places in New Hampshire with more than 5,000 people, we were left with this set of the ten richest places in the Granite State:
For more on how we calculated the top ten, read on or skip to the end for the full list. Oh, and the poorest place in New Hampshire? That would be Berlin.
How We Determined The Richest Places In New Hampshire
The first thing that comes to most people’s minds when they think about determining the richest places is simply how much people earn. After all, rich people have really high salaries.
However, we don’t think 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 2010-2014 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 24 places with more than 5,000 people in New Hampshire, we ranked each place from 1 to 24 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, South Hooksett, crowned the “Richest Place In New Hampshire”.
You can learn more about the top ten below or skip to the end to see the rankings for all 24 places.
1. South Hooksett
Median Income: $88,850
Poverty Level: 2.3%
Unemployment Rate: 4.8%
Median Income: $77,120
Poverty Level: 3.8%
Unemployment Rate: 5.0%
Median Income: $67,690
Poverty Level: 7.9%
Unemployment Rate: 4.2%
Median Income: $90,250
Poverty Level: 3.9%
Unemployment Rate: 8.7%
Median Income: $68,600
Poverty Level: 9.4%
Unemployment Rate: 5.9%
Median Income: $60,030
Poverty Level: 9.8%
Unemployment Rate: 6.7%
Median Income: $57,300
Poverty Level: 8.1%
Unemployment Rate: 7.1%
Median Income: $52,520
Poverty Level: 12.2%
Unemployment Rate: 3.4%
Median Income: $76,760
Poverty Level: 25.5%
Unemployment Rate: 3.1%
Median Income: $63,600
Poverty Level: 4.3%
Unemployment Rate: 9.0%
There You Have It – The Richest Places In New Hampshire
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 NH, according to data:
2nd Poorest: Franklin
3rd Poorest: Suncook
For more New Hampshire reading , check out:
- If You’re From New Hampshire This Will Be The Most Jaw-Dropping Thing You See All Day. Guaranteed.
- These Are The 10 Most Dangerous Cities In New Hampshire
- These Are The 10 Drunkest Cities In New Hampshire
Detailed List Of Richest Places In New Hampshire