South Hooksett 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.
IndexSouth HooksettNew HampshireNational
Cost of living index120119100
IndexSouth HooksettNew HampshireNational
Goods & Services index117117100
Groceries index103103100
Health care index116116100
Housing index130127100
Transportation index106106100
Utilities index137137100
A general overview of the cost of living index for South Hooksett, NH is displayed above. In South Hooksett, NH, the overall cost of living index is 120, which is 1% higher than the New Hampshire average and 20% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of South Hooksett, NH, the city's goods and services are equal to the New Hampshire average and 17% higher than the U.S. average.

Did you know?

  • The cost of living in South Hooksett is 1% higher than the New Hampshire average.
  • The cost of living in South Hooksett is 20% higher than the national average.
  • The cost of housing in South Hooksett is 30% 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 South Hooksett, NH Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in South Hooksett, NH to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to South Hooksett, NH, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the South Hooksett, NH salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$91,386$7,616$2,132$2,742
Renters$59,417$4,951$1,386$1,783
The affordability of the housing market in South Hooksett, NH as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among South Hooksett, NH homeowners, the median income is $91,386. This indicates that a monthly maximum of $2,132 should be spent by homeowners on all housing related costs. Renters have a median income of $59,417. This indicates that renters should have a maximum of $1,386 used for their rent related monthly costs.

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 South Hooksett, 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

ItemSouth HooksettNational 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

ItemSouth HooksettNational 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

ItemSouth HooksettNational 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

ItemSouth HooksettNational avg.Difference
Home Price $244,600.00$175,700.0039.2%
Avg. Mortgage Payment $1,260.97$1,081.0316.6%
Apartment Rent $1,003.00$920.009.0%

Transportation

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

Utilities

ItemSouth HooksettNational 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.
Suncook, NH5,01711414%
Raymond, NH2,78911515%
Concord, NH42,51411515%
Derry, NH22,12911616%
Manchester, NH110,06511616%
South Hooksett, NH5,37812020%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Zephyrhills West, FL5,37883-17%
Wappingers Falls, NY5,37711919%
El Granada, CA5,37719595%
Carle Place, NY5,37716969%
Diboll, TX5,37782-18%
South Hooksett, NH5,37812020%
Source: The South Hooksett, NH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.