Moving To NH For A Job: The Cost of Living and Real Estate

Moving to NH for a Career? Learn What To Expect.

The New Hampshire state motto is "Live Free or Die," and while you can't quite live for free here, New Hampshire offers a high standard of living, strong economy, and year-round outdoor recreation at a more affordable cost than almost anywhere else in New England. For the past few years, the state has seen an increase in the number of people moving to NH for work, and we can see why. It's a beautiful and affordable place to live.

The cost of living in New Hampshire is significantly more affordable than nearby states such as Rhode Island, Connecticut, and Massachusetts. These favorable living costs lead some people to live in New Hampshire and make a long commute to Massachusetts or elsewhere; however, an abundance of attractive job opportunities in New Hampshire means that more people are saving both time and money by living where they work.

There are many online calculators that can help you compare the cost of moving to NH for a long-term career opportunity. One helpful tool is the Missouri Economic Research Cost of Living Index, which is calculated so that 100 represents the national average. If a city ranks higher than 100, it is more expensive to live there than the national average. If it is less than 100, it is less than the median. This makes it easy to compare the cost of living from one place to another.

By this index, the average cost of living in New Hampshire in 2018 was 106.5, or 6.5% higher than the national average – but it was more affordable than every other New England state by at least 10%. New England is famous for its high standards of living and a strong economy, plus with no sales or income tax, New Hampshire allows your salary to go much further.

Real Estate in New Hampshire

The real estate market in New Hampshire is healthy, with a median home value in New Hampshire of $260,200 which is expected to continue to increase in value. Average rent ranges from $1,030 for a studio apartment to $2,200 for a 4-bedroom house.

New Hampshire offers a great range of housing opportunities to fit every budget and household, from stylish mill-space lofts to charming old colonials. There are plenty of neighborhoods to settle down in or lively downtown areas where you can live comfortably within walking distance.

Tax Advantages of Moving to NH

Many online cost-of-living calculators do not factor in taxes; however, when included, New Hampshire comes out more favorably than ever. The overall tax burden as a percentage of gross income is among the lowest in the country. There's no income or sales tax, and dividends and interest are taxed just 5 percent. 

Living in Milford, New Hampshire

Hitchiner Manufacturing is undertaking an $80 million expansion in Milford, making this town one of the most attractive places for career-forward individuals looking to move to New Hampshire. Milford is a charming, mid-size New England town historically known for its granite quarries and textile mills. Centrally located in Southern NH, it is just a short drive to the state's larger cities, Nashua and Manchester, and is surrounded by beautiful farmland, forest, and rolling hills. Today, the town is a hub for young engineering professionals who are taking advantage of the work opportunities, internships, and free career training that are available here.

Discover Milford New Hampshire

By all metrics, Milford compares favorably to other towns in New Hampshire for career-minded individuals who want to live where they work. The average cost of a home in Milford is almost $10,000 less than the New Hampshire average while offering great, long-term work opportunities, good schools, a high quality of living, and access to all of the outdoor activities that New Hampshire is famous for.

Career Opportunities At Hitchiner Manufacturing

New Hampshire is a wonderful place to live and full-time careers are available now Hitchiner Manufacturing.  Hitchiner is dedicated to investing in the success of our employees by providing a nurturing environment and best-in-class benefits. Hitchiner is a leader in workforce development, placing a high value on education and training. View our current career opportunities and learn why 60% of our employees have stayed with Hitchiner for over ten years.