Manchester 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.
IndexManchesterNew HampshireNational
Cost of living index116119100
IndexManchesterNew HampshireNational
Goods & Services index117117100
Groceries index103103100
Health care index116116100
Housing index116127100
Transportation index106106100
Utilities index137137100
An overview of the general cost of living index for Manchester, NH is displayed above for your reference. Residents in Manchester, NH enjoy a cost of living index of 116. This index is 3% lower than the New Hampshire average, and 16% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Manchester, NH, the average cost of goods and services is equal to it is in New Hampshire, and it is 17% higher than the national average.

Did you know?

  • The cost of living in Manchester is 3% lower than the New Hampshire average.
  • The cost of living in Manchester is 16% higher than the national average.
  • The cost of housing in Manchester 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.

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Salary Calculator

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Use the salary calculator to compare your current salary in Manchester, 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 Manchester, NH, then you would need to earn more income in order to maintain the same standard of living. To use the Manchester, 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$77,629$6,469$1,811$2,329
Renters$36,323$3,027$847$1,090
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Manchester, 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 Manchester, NH homeowners have a median income of $77,629. Using that number, you will come up with a maximum of $1,811 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $36,323, which means there is a maximum of $847 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 Manchester, 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

ItemManchesterNational 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

ItemManchesterNational 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

ItemManchesterNational 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

ItemManchesterNational avg.Difference
Home Price $209,900.00$175,700.0019.5%
Avg. Mortgage Payment $1,260.97$1,081.0316.6%
Apartment Rent $1,002.00$920.008.9%

Transportation

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

Utilities

ItemManchesterNational 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.
Wilton, NH1,12311212%
Suncook, NH5,01711414%
Raymond, NH2,78911515%
Derry, NH22,12911616%
Hooksett, NH4,11211717%
Manchester, NH110,06511616%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wilmington, NC110,1001077%
Waterbury, CT109,88711111%
Arvada, CO109,8001099%
Fargo, ND110,72595-5%
Westminster, CO109,2961088%
Manchester, NH110,06511616%
Source: The Manchester, NH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.