Newmarket 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.
IndexNewmarketNew HampshireNational
Cost of living index117119100
IndexNewmarketNew HampshireNational
Goods & Services index117117100
Groceries index103103100
Health care index116116100
Housing index121127100
Transportation index106106100
Utilities index137137100
Here we can see a simple outline of the cost of living in Newmarket, NH. As you can see, with the average cost of living in Newmarket, NH being 117, that puts it 1% lower than the average of New Hampshire and 17% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Newmarket, NH, the price of goods and services are equal to the average of New Hampshire as well as 17% higher than the nation's average.

Did you know?

  • The cost of living in Newmarket is 1% lower than the New Hampshire average.
  • The cost of living in Newmarket is 17% higher than the national average.
  • The cost of housing in Newmarket is 21% 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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Compare Newmarket, NH Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Newmarket, 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 Newmarket, NH, then you would need to earn more income in order to maintain the same standard of living. To use the Newmarket, 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$74,680$6,223$1,742$2,241
Renters$37,475$3,123$874$1,124
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Newmarket, NH, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Newmarket, NH has a median income of about $74,680 for people who own homes. Based on that number, a person should spend a maximum of $1,742 on expenses related to housing. Renters have a slightly different median income, which is $37,475. Based on this average, renters should spend no more than $874 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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%
The New Hampshire sales tax and New Hampshire income tax rates should definitely be considered when determining the overall cost of living in Newmarket, NH. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The New Hampshire sales tax is 0% and the maximum surtax is 0%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The New Hampshire income tax rates range from 0% to 0%.

Goods & Services

ItemNewmarketNational 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

ItemNewmarketNational 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

ItemNewmarketNational 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

ItemNewmarketNational avg.Difference
Home Price $218,400.00$175,700.0024.3%
Avg. Mortgage Payment $1,260.97$1,081.0316.6%
Apartment Rent $1,056.00$920.0014.8%

Transportation

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

Utilities

ItemNewmarketNational 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%
Berwick, ME2,04811212%
Somersworth, NH11,76511515%
Raymond, NH2,78911515%
Dover, NH30,33211919%
Newmarket, NH5,58911717%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Paola, KS5,58989-11%
Hawkinsville, GA5,58886-14%
Wellston, OH5,59080-20%
Saranap, CA5,59118080%
Lemmon Valley, NV5,5851000%
Newmarket, NH5,58911717%
Source: The Newmarket, NH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.