The median home price in New Hampshire is $445,263, which has increased by 8.0% since the last year. The New Hampshire housing market has witnessed a 13.4% year-over-year increase in the number of homes listed. However, with only a 2-month supply left, the tight inventory is expected to drive an increase in the median sale price.
Near the coastal areas, the home prices are relatively higher in the Granite State but as you move in the inland areas, you can find cheaper options to live in.
4 Reasons to live in New Hampshire 🪨
- Cheaper Houses: The median home sale price in New Hampshire is ~$440K but you can get houses between $168K and $379K in cities like Berlin, Claremont, and Concord. This can save you thousands while enjoying better earning opportunities in the Granite State.
- Tax Benefits: New Hampshire offers taxpayers ways to reduce state taxes, including standard and itemized deductions, disaster assistance credits, and low-income tax credits.
- Affordable Healthcare: Healthcare costs in cities that are listed below is up to 17.1% lower than the national average.
- Cheaper Rentals: The rent prices of these cities are lower than the state average and national average. You can save up to $1150 per month in rent.
Cheapest Places to Live in New Hampshire in 2024
This list provides insights into the average household income, median listing price, population, unemployment rate, and poverty rate of the cities.
| City | Median Household Income | Median Home Value | Population | Unemployment Rate | Poverty Rate |
|---|---|---|---|---|---|
| Berlin | $39,479 | $168,164 | 9,710 | 4.7% | 13.9% |
| Claremont | $46,414 | $228,403 | 12,955 | 3.1% | 16.7% |
| Keene | $63,490 | $291,789 | 22,969 | 2.50% | 11.6% |
| Franklin | $61,664 | $312,460 | 8,766 | 2.3% | 4.8% |
| Rochester | $70,582 | $347,011 | 32,317 | 2.2% | 9.33% |
| Somersworth | $68,762 | $378,663 | 11,964 | 3.6% | 10.9% |
| Concord | $73,156 | $379,374 | 43,552 | 2.9% | 9.34% |
7 Cheapest Places to Live in NH
The annual population growth of 6% since 2010 is reflective of people’s intention to move to New Hampshire. If you’re considering shifting to the Granite State, here are some cities that offer affordable living options:
1. Berlin
| 🟢 Cost of Living Compared to National Average | 21.4%⬇️ |
| 🏡 Median Home Price | $168,164 |
| 💲 Median Rent | $950 |
| ⛪ Known For | St. Anne’s Church |
Berlin is an affordable place to live in New Hampshire. Its median house rent ranges from $950 – $2,000. With healthcare costs being 14.7% lower than the state average, the city stands out as one of the most inexpensive places to live in New Hampshire.
Berlin is recognized for its tree-lined streets and boasts a unique charm that reflects its cultural and historical significance.
» Homes for Sale in Berlin, NH: Find your dream home in this city.
2. Claremont
| 🟢 Cost of Living Compared to National Average | 10.9%⬇️ |
| 🏡 Median Home Price | $228,403 |
| 💲 Median Rent | $1,300 |
| 🏞️ Known For | Cherry Blossom Festival |
Claremont is one of the most budget-friendly rental destinations in New Hampshire with an average home rent of $1,175. It also offers affordable housing which is 48.2% lower than the national average.
Claremont is known for its status as a cultural hub, featuring historic sites and a thriving music scene. The city hosts numerous historic homes that showcase its rich history and cultural significance.
» Homes for Sale in Claremont, NH: Browse thousands of property listings in Claremont.
3. Keene
| 🟢 Cost of Living Compared to National Average | 7.9%⬇️ |
| 🏡 Median Home Price | $291,789 |
| 💲 Median Rent | $1,425 |
| 🏖️ Known For | Historic Landmarks |
With rental costs below the national average, Keene stands as one of the most affordable cities to live in New Hampshire. The house rent price is between $750 – $3,200.
Keene offers a vibrant cultural scene with activities including ballet, opera, drama, choral societies, art galleries, and museums. Additionally, its museums focus on cultural and educational exhibits.
» Homes for Sale in Keene, NH: View all the properties for sale in this city.
4. Franklin
| 🟢 Cost of Living Compared to State Average | 5.4%⬇️ |
| 🏡 Median Home Price | $312,460 |
| 💲 Median Rent | $1,880 |
| 🏖️ Known For | Columbus Museum |
Franklin offers budget-friendly living with a median rent of $1,880, which is $120 lower than the national median. With healthcare costs being 18% lower than the national average, the city stands out as one of the most inexpensive places to live in New Hampshire.
Franklin is currently experiencing an arts and culture renaissance. There’s a lively scene with ballet, Broadway shows, and various art forms that are now a big part of daily life in the city.
» Homes for Sale in Franklin, NH: Browse through thousands of affordable properties.
5. Rochester
| 🟢 Cost of Living Compared to State Average | 3%⬇️ |
| 🏡 Median Home Price | $347,011 |
| 💲 Median Rent | $2,000 |
| 🎨 Known For | Museum of Aviation |
Also called the “Home of Planes, Trains, and Heroes,” Rochester’s cost of living is 3% lower than the state average. The average healthcare expenses are 16.9% lower than the national average.
Rochester’s affordable food, health, housing, and transportation facilities make the city one of the cheapest places to live in New Hampshire.
» Homes for Sale in Rochester, NH: Browse through thousands of properties in Rochester.
6. Somersworth
| 🟢 Cost of Living Compared to State Average | 3%⬇️ |
| 🏡 Median Home Price | $378,663 |
| 💲 Median Rent | $1,895 |
| 🏫 Known For | Architecture |
The house rent in Somersworth is between $1,395 – $2,600. You can comfortably live in this city with an average household income of $75,841. A low cost of living and affordable housing has led to a population growth of ~4.64% since 2020.
Somersworth is a compelling real estate choice for outdoor enthusiasts seeking affordable living in New Hampshire. You can discover River Street and the picturesque waterfront zones, where a variety of shops and restaurants await your exploration.
» Homes for Sale in Somersworth, NH: Find a home in one of the cheapest places to live in New Hampshire.
7. Concord
| 🟢 Cost of Living Compared to State Average | 5.4% ⬇️ |
| 🏡 Median Home Price | $379,374 |
| 💲 Median Rent | $1,650 |
| 🖼️ Known For | Music Scene |
Athens is one of the best places to live in New Hampshire. The median home price in Athens is $379,374. The transportation cost is 20.8% lower than the national average.
Athens offers affordable housing and vibrant entertainment. You can explore the stunning State Botanical Garden of New Hampshire and discover the Sandy Creek Nature Center in Athens.
» Homes for Sale in Concord, NH: Get yourself a home in Concord.
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The Bottom Line
The cost of living in New Hampshire is 5.8% higher than the national average. It is also home to some of the most expensive cities in America. However, if you want to move to New Hampshire, you can find affordable housing in cities like Berlin, Franklin, and Rochester.
Cities like Somersworth and Concord have a slightly expensive cost of living but provide better job opportunities. You must research the city’s home prices and living costs before relocating.
Find Homes for Sale in NH Under Your Specific Budget
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Research Methodology
We’ve created this list by considering factors such as cost of living, median home price, and rental price range. We have also accounted for the population, median household income, poverty rate, and unemployment rate in these cities.
To compile this list of the cheapest areas to live in New Hampshire, we have drawn data from the Economic Research Institute, World Population Review, Rent Cafe, and Zillow.
FAQs
What is the cheapest place to live in New Hampshire?
The cheapest place to live in New Hampshire is Berlin.
» 7 Cheapest Places to Live in New Hampshire: Find out the other cheapest places to live in New Hampshire!
Is New Hampshire the cheapest place to live in?
No, it is not. The median home value is $445,263. If you're looking for cities with affordable housing and a low cost of living, you can try your luck in some of these cheapest places in America.
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