Derry cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexDerryNew HampshireNational
Cost of living index116119100
IndexDerryNew HampshireNational
Goods & Services index117117100
Groceries index103103100
Health care index116116100
Housing index116127100
Transportation index106106100
Utilities index137137100
The above illustration supplies generalized information for the Derry, NH cost of living index. Compared to other cities in New Hampshire and cities across the country, the cost of living index in Derry, NH is 116, which is 3% lower than the New Hampshire average and 16% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Derry, NH are equal to the average for New Hampshire and 17% higher than the rest of the country.

Did you know?

  • The cost of living in Derry is 3% lower than the New Hampshire average.
  • The cost of living in Derry is 16% higher than the national average.
  • The cost of housing in Derry is 16% higher than the national average.
  • New Hampshire general sales tax is 100% lower than the national average.
  • New Hampshire state income tax is 100% lower than the national average.

Find Real Estate Listings In Derry

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Derry

Compare Derry, NH Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current salary in Derry, NH to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Derry, NH, then you would need to earn more income in order to maintain the same standard of living. To use the Derry, NH salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$82,685$6,890$1,929$2,481
Renters$38,543$3,212$899$1,156
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Derry, NH, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Derry, NH homeowners have a median income of $82,685. Using that number, you will come up with a maximum of $1,929 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $38,543, which means there is a maximum of $899 to be spent on the costs of renting a home or apartment.

New Hampshire Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Hampshire0%0%

New Hampshire Income Tax

StateIncome Tax (Low)Income Tax (High)
New Hampshire0%0%
When assessing the complete cost of living in Derry, NH, the New Hampshire income tax and the New Hampshire sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The New Hampshire maximum surtax is 0%, and the New Hampshire sales tax is 0%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in New Hampshire.

Goods & Services

ItemDerryNational avg.Difference
Haircut $16.88$14.5915.7%
Beauty Salon $41.47$34.6819.6%
Toothpaste $2.32$2.476.2%
Shampoo $1.00$1.022.2%
Movie $10.20$9.873.4%
Bowling $4.62$4.395.2%

Groceries

ItemDerryNational avg.Difference
Ground Beef $3.76$4.4816.0%
Fried Chicken $1.56$1.466.6%
Milk $2.21$2.366.2%
Potatoes $2.98$3.062.7%
Pizza $8.68$9.246.1%
Beer $9.07$8.635.1%

Health Care

ItemDerryNational avg.Difference
Optometrist $100.39$99.780.6%
Doctor $149.18$105.0342.0%
Dentist $104.81$88.7018.2%
Ibuprofen $9.68$9.412.8%
Lipitor $277.44$298.507.1%

Housing

ItemDerryNational avg.Difference
Home Price $202,900.00$175,700.0015.5%
Avg. Mortgage Payment $1,260.97$1,081.0316.6%
Apartment Rent $1,079.00$920.0017.3%

Transportation

ItemDerryNational avg.Difference
Gasoline $2.28$2.099.0%
Tire Balancing $44.74$45.291.2%

Utilities

ItemDerryNational avg.Difference
All Electricity$243.35$170.8042.5%
Phone $36.25$28.2628.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Epping, NH1,69011010%
Raymond, NH2,78911515%
Manchester, NH110,06511616%
Lawrence, MA77,36412323%
Hooksett, NH4,11211717%
Derry, NH22,12911616%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
South Elgin, IL22,1261066%
South Holland, IL22,1231088%
Ruston, LA22,14990-10%
Pelham, AL22,10698-2%
La Porte, IN22,15381-19%
Derry, NH22,12911616%
Source: The Derry, NH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.