Living in New Hampshire: Income, Housing, Taxes & Cost of Living (2026)
By Wealthvieu · Updated
Table of Contents
New Hampshire at a Glance
Metric
Value
National Rank
Population (2024)
1.4 million
41st
Median household income
$90,845
4th highest
Median home price
$450,000
Above average
Cost of living index
112
Above average
State income tax
None (as of 2025)
N/A
Sales tax
None
N/A
Property tax (effective rate)
1.93%
3rd highest in US
New Hampshire has neither income tax nor sales tax — one of only two states (along with Alaska) with neither. But it makes up for it with the 3rd highest property tax rate in the nation.
Income and Housing
City/Area
Median Income
Median Home Price
Median Rent (2BR)
Nashua
$88,000
$475,000
$1,700
Manchester
$72,000
$400,000
$1,550
Concord
$77,000
$380,000
$1,500
Portsmouth
$82,000
$550,000
$2,000
Keene
$58,000
$300,000
$1,250
Lebanon/Hanover
$75,000
$420,000
$1,600
Laconia (Lakes Region)
$62,000
$350,000
$1,350
The Property Tax Reality
Home Value
Annual Property Tax (at 1.93%)
Monthly Cost
$300,000
$5,790
$483
$400,000
$7,720
$643
$500,000
$9,650
$804
$600,000
$11,580
$965
Some towns exceed 2.5%, meaning a $400K home could cost over $10,000/year in property taxes alone.
No Income Tax vs. High Property Tax: Who Wins?
Income
Income Tax Saved
Extra Property Tax (vs. 1% avg on $400K home)
Net Benefit
$75,000
$3,200 saved
$3,720 extra
-$520
$100,000
$4,600 saved
$3,720 extra
+$880
$150,000
$7,100 saved
$3,720 extra
+$3,380
Conclusion: NH is better for higher earners; renters and homeowners with expensive properties may not benefit as much.
