Best Affordable Places to Live in New Hampshire in 2025
(Last Updated – 03/2025)
Nestled in the heart of New England, New Hampshire offers a captivating blend of natural beauty and modern opportunities. The state’s job market excels in technology, health care, and education, bolstered by its proximity to major cities like Boston.
However, New Hampshire’s cost of living (COL) is a notable consideration: It clocks in at fully 12% higher than the national average. Driving the higher cost of living are factors like utilities, groceries, health, and transportation costs.
Despite its reputation as a low-tax state (owing to its absence of sales tax and income tax on wages and salaries), New Hampshire still demands careful consideration before making a move. With the fourth-highest property tax rates in the U.S. and boasting an average effective rate of 1.77%, prospective residents must plan well to ensure the state is the right fit for their financial situation and goals.
If it is, a wonderful home state can await. Whether drawn by the allure of outdoor adventures or the promise of professional growth, New Hampshire can provide a dynamic blend that draws a diverse population.
Best Places to Live in New Hampshire
Home to Dartmouth College and the beautiful New England outdoors, New Hampshire also boasts numerous towns and cities with appeal for families, young professionals, nature-lovers, and more. The state also has a higher median household income and lower poverty rate than the national average, indicating that economic opportunities are available for residents. For more details, here are several lists of the places to live in New Hampshire based on such variables as affordability and age.
New Hampshire’s cost of living can be a key focus for many potential residents, so first consider the most affordable places to live in the state.
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Best Affordable Places to Live in New Hampshire
Is cost of living (COL) a concern? If so, here are the top three cities in New Hampshire ranked for affordability:
1. Berlin
Photo credit: Wikimedia Commons/AlexiusHoratius , Creative Commons Attribution-ShareAlike 3.0 Unported
If you want small-town life with a state forest in your backyard while maintaining a modest budget, Berlin can accommodate your needs perfectly. It’s also popular for retirees. Berlin’s rental costs are relatively affordable, and the town’s affordability combined with outdoor recreation (fishing the Androscoggin River, camping and hiking in Jericho Mountain State Park) make it an attractive option for those who want to enjoy nature and pay lower prices for housing. Housing is more affordable here, a fact that can be especially important to first-time homebuyers.
Population: 9,459
Median Household Income: $43,972
Cost of Living: 94% of U.S. average
Average Rent Price: $1,075
Home Price-to-Income Ratio: 4.2
2. Claremont
Photo credit: iStock/DenisTangneyJr
Avid outdoors fans will also love Claremont, where the Sugar River, Cornish Town Forest, and Green Mountain Trail are within easy reach. In addition, the Claremont Opera House is a venue for all forms of art, enhancing the area’s cultural and entertainment offerings. Claremont combines suburban flair with country surroundings at a low price point, which can be attractive, especially when combined with first-time homebuyer programs in New Hampshire.
Population: 13,111
Median Household Income: $54,520
Cost of Living: 96% of U.S. average
Average Rent Price: $1,600
Home Price-to-Income Ratio: 4.7
While property taxes are more than twice the national average, the absence of state income and sales taxes offsets this expense. As a result, Claremont combines suburban flair with country surroundings at a low price point, which can be attractive, especially when combined with first-time homebuyer programs in New Hampshire.
3. Rochester
Photo credit: iStock/DenisTangneyJr
One of New Hampshire’s most populated cities, Rochester features a fine art museum, opera house, and nature trails. Its more urban setting means higher prices than the towns above, but the average median income helps to accommodate the costs. Those looking for an urban feel in New Hampshire can find their place here without the massively inflated prices of bigger cities. Here are the metrics for this bustling region:
Population: 33,519
Median Household Income: $79,388
Cost of Living: 108% of U.S. average
Average Rent Price: $1,800
Home Price-to-Income Ratio: 4.7
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Best Places to Live in New Hampshire for Families
Families across America have similar priorities, such as good schools, safety, health care, and kid-friendly amenities. Fortunately, New Hampshire has several optimal locations for families to live:
1. Bedford
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Bedford’s population is about 91% family households, and people under age 20 make up 27% of the population. Parents are likely drawn here in part because the town is known for a top-notch K-12 public school system with an average of 13 students per teacher in the district. Here are additional data points to note about Bedford:
Population: 23,764
Median Household Income: $160,253
Cost of Living: 117% of U.S. average
Average Rent Price: $2,095
Home Price-to-Income Ratio: 4.4
2. Dover
Photo credit: iStock/jmoor17
Dover is another of the best places to live in New Hampshire for families. Home to the Children’s Museum of New Hampshire and the Hilltop Fun Center, the city provides excitement and activities throughout the year. It’s located on the Atlantic coast, meaning it offers quick access to the beach, and it’s more populous than most of New Hampshire’s cities. Here are some essential numbers to know about Dover:
Population: 33,485
Median Household Income: $92,748
Cost of Living: 114% of U.S. average
Average Rent Price: $2,100
Home Price-to-Income Ratio: 5.4
3. Somersworth
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Somersworth is a suburb sitting on the Maine border. It offers numerous parks, a golf course, and a higher median income than rural areas in the state. Plus you benefit from all the family-friendly activities in Dover, which is close by. Here are the numbers to know about this region:
Population: 12,192
Median Household Income: $79,677
Cost of Living: 108% of U.S. average
Average Rent Price: $1,950
Home Price-to-Income Ratio: 5.1
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Best Places to Live in New Hampshire for Young Adults
New Hampshire has numerous places for young folk looking for nightlife and economic opportunity to thrive in. Here are the top three:
1. Lebanon
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A diverse suburb packed with shops, restaurants, and outdoor recreation, Lebanon offers a lively atmosphere for young people. It has a lower price tag than Portsmouth and provides transportation to New York and Boston via the Dartmouth Coach. The city also houses the Powerhouse Mall, a regional shopping center, and is next door to Dartmouth College. Young adults — those between the ages of 20 and 39 — make up 36% of its population.
Population: 15,342
Median Household Income: $92,288
Cost of Living: 115% of U.S. average
Average Rent Price: $2,400/month
Home Price-to-Income Ratio: 4.7
2. Portsmouth
Photo credit: iStock/Sean Pavone
New Hampshire’s oldest city captures the hearts of the state’s younger crowd by combining top-notch breweries, boutiques, restaurants, and outdoor activities. About 17% of its residents are between ages 20 and 39, and residents compare the city’s nightlife to that of Boston. Here are more stats on the city:
Population: 22,733
Median Household Income: $105,756
Cost of Living: 128% of U.S. average
Average Rent Price: $2,750
Home Price-to-Income Ratio: 6.8
3. Salem
Home to the Rockingham Park Mall, the largest in New Hampshire, Salem has numerous amenities for young adults. The Castaway Island water park features a 60-foot water slide, while those who seek pure wilderness can find it in the White Mountains and surrounding lakes. In addition, Tuscan Village offers shopping, nightlife, and economic opportunities. Salem’s population includes 28% of residents between the ages of 20 and 39.
Population: 31,549
Median Household Income: $101,339
Cost of Living: 135% of U.S. average
Average Rent Price: $2,495
Home Price-to-Income Ratio: 5.6
Best Places to Live in New Hampshire for Retirees
As retirees embark on a new chapter of life, their priorities tend to align around factors like tranquility, health care access, recreational opportunities, and a welcoming community. In this regard, New Hampshire emerges as a haven for retirees, offering a selection of prime destinations tailored to meet these needs. Consider these three:
1. Exeter
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In southern New Hampshire, a short drive from Manchester, Exeter shines as a unique retirement destination. With a remarkable 0.43 retirement community availability per 1,000 residents, the town offers abundant specialized living options. This figure, the highest among its peers on the list, underscores Exeter’s commitment to catering to retirees. Here’s more about this historically significant town that dates back to 1638:
Population: 16,172
Median Household Income: $96,483
Cost of Living: 117% of U.S. averageMedian Rent Price: $2,225
Home Price-to-Income Ratio: 5.9
2. Rochester
Photo credit: iStock/DenisTangneyJr
Situated along the border shared with Maine, Rochester emerges as another best place to live in New Hampshire for retirees. Rochester boasts a significant senior demographic, with 19% of its population composed of individuals 65 and over. It’s a promising prospect for retirees yearning for an urban ambiance in New Hampshire.
Population: 33,519
Median Household Income: $79,388
Cost of Living: 108% of U.S. averageMedian Rent Price: $1,800
Home Price-to-Income Ratio: 4.7
3. Londonderry
Londonderry presents a prime location with proximity to Manchester-Boston Regional Airport, easing travel for retirees and their social circles. It also boasts a robust medical infrastructure, with 3.82 medical centers per 1,000 residents.
The town has a senior population of 17%. Londonderry is an appealing choice for retirees seeking a diverse community inclusive of various ages and family structures. Londonderry is an economical choice for retirees looking to embrace their golden years.
Population: 26,708
Median Household Income: $130,481
Cost of Living: 116% of U.S. average
Median Rent Price: $2,355
Home Price-to-Income Ratio: 4.3
Best Places to Live in New Hampshire Near the Water
New Hampshire features lakes, rivers, and beachfronts to swim in, fish in, and enjoy. If you’re a fan of the water, consider living in these cities:
1. Hampton
Photo credit: iStock/DenisTangneyJr
Sitting on the Atlantic Coast, Hampton offers a boardwalk with beautiful beaches, the Casino Ballroom entertainment venue, carnival games, deep sea fishing, and whale watching tours. In addition, bird-lovers and adventure-seekers can enjoy exploring the Hampton Salt Marshes. While the Average Rental and homeownership costs are higher than other areas, its water-related offerings are unique to the state.
Population: 16,484
Median Household Income: $87,418
Cost of Living: 122% of U.S. average
Median Rent Price: $2,700
Home Price-to-Income Ratio: 4.61
2. Laconia
Photo credit: iStock/DenisTangneyJr
Nestled amidst a cluster of lakes, including Lake Winnipesaukee, Laconia boasts one of the lowest cost of living rankings in the state. The town has four beaches, including one for residents only. Locals enjoy entertainment at the Cake Theatre and Lakeport Opera House, not to mention boating, fishing, and other hallmarks of lakeside life. If home shopping is your next step, visit a home loan help center to learn more about the process and mortgage options.
Population: 17,142
Median Household Income: $68,427
Cost of Living: 103% of U.S. average
Median Rent Price: $1,800
Home Price-to-Income Ratio: 5.9
3. Portsmouth
Photo credit: iStock/SeanPavonePhoto
Portsmouth makes a second appearance, this time as an ideal beach town. It contains the mouth of the Piscataqua River, which features fantastic beaches, Peirce Island, and cliffside hiking areas. Plus, the USS Albacore Museum will inspire you to embrace life on the sea. Remember, Portsmouth is one of the more expensive locations in New Hampshire, so it can be cost-prohibitive depending on your budget.
Population: 22,733
Median Household Income: $105,756
Cost of Living: 128% of U.S. averageMedian Rent Price: $2,750
Home Price-to-Income Ratio: 6.8
The Takeaway
Exploring the most affordable places to live in New Hampshire reveals a range of options that balance cost-effectiveness with quality of life. From the serene landscapes of Berlin, where the average monthly rent is a wallet-friendly $1,075, to the pricier beach town of Hampton, the state has plenty of options for young professionals, families, and retirees alike.
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FAQ
Where is the cheapest place to live in New Hampshire?
Berlin, New Hampshire, stands out as an affordable place to reside, boasting a notably low cost of living highlighted by a mere $1,075 average monthly rent. This may make Berlin an attractive choice for budget-conscious individuals seeking comfortable living arrangements.
How much money do you need to live comfortably in New Hampshire?
Living comfortably in New Hampshire requires an estimated annual income of around $51,552 for a single adult to cover expenses such as housing, utilities, transportation, and daily essentials, according to MIT’s Living Wage Calculator.
Is New Hampshire cheaper to live in than Maine?
New Hampshire’s overall cost of living is slightly higher than Maine’s, however Maine has higher housing costs.
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