South Hooksett, Londonderry, 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 $89,599 and a ridiculously low poverty rate of 3.8%.
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 2012-2016 American Community Survey for the 25 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 2018:
- South Hooksett (Photos | Homes For Sale)
- Londonderry (Photos | Homes For Sale)
- Portsmouth (Photos | Homes For Sale)
- Hampton (Photos | Homes For Sale)
- Exeter (Photos | Homes For Sale)
- Milford (Homes For Sale)
- Hanover (Photos | Homes For Sale)
- Dover (Photos | Homes For Sale)
- Nashua (Photos | Homes For Sale)
- Pinardville (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.
How We Determined The Richest Places In New Hampshire For 2018
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 2012-2016 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 25 places with more than 5,000 people in New Hampshire, we ranked each place from 1 to 25 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 For 2018’.
You can learn more about the top ten below or skip to the end to see the rankings for all 25 places.
1. South Hooksett
Population: 11,049Median Income: $85,893
Unemployment Rate: 4.6%
Poverty Rate: 3.5%
More on Londonderry: Homes For Sale | Data
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.
Population: 21,458Median Income: $69,664
Unemployment Rate: 3.3%
Poverty Rate: 6.1%
More on Portsmouth: Homes For Sale | Data
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.
Population: 9,542Median Income: $84,312
Unemployment Rate: 4.8%
Poverty Rate: 4.4%
More on Hampton: Homes For Sale | Data
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.
Population: 9,022Median Income: $66,964
Unemployment Rate: 4.7%
Poverty Rate: 8.4%
More on Exeter: Homes For Sale | Data
Exeter is a town in Rockingham County, New Hampshire, United States. The town’s population was 14,306 at the 2010 census. Exeter was the county seat until 1997, when county offices were moved to neighboring Brentwood. Home to the Phillips Exeter Academy, a private university-preparatory school, Exeter is situated where the Exeter River feeds the tidal Squamscott River.
Population: 9,136Median Income: $57,134
Unemployment Rate: 3.9%
Poverty Rate: 3.6%
More on Milford: Homes For Sale | Data
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.
Population: 8,482Median Income: $96,406
Unemployment Rate: 2.6%
Poverty Rate: 17.9%
More on Hanover: Homes For Sale | Data
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.
Population: 30,750Median Income: $63,096
Unemployment Rate: 5.7%
Poverty Rate: 10.1%
More on Dover: Homes For Sale | Data
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.
Population: 87,279Median Income: $68,944
Unemployment Rate: 6.0%
Poverty Rate: 11.0%
More on Nashua: Homes For Sale | Data
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 (and in the three northern New England states) after Manchester. As of 2016 the population had risen to an estimated 87,882.
Population: 5,110Median Income: $59,440
Unemployment Rate: 4.9%
Poverty Rate: 12.8%
More on Pinardville: Homes For Sale | Data
Pinardville is a census-designated place (CDP) in the town of Goffstown in Hillsborough County, New Hampshire, United States. The population was 4,780 at the 2010 census. Pinardville has existed since 1906.
There You Have It – The Wealthiest Places In New Hampshire For 2018
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: Franklin
3rd Poorest: Laconia
For more New Hampshire reading , check out:
Detailed List Of The Richest Cities In New Hampshire