Hooksett, New Hampshire Cost Of Living

D+

14%

Overall NAT. AVG.

17%

Goods & Services NAT. AVG.

20%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Hooksett	New Hampshire	National
Cost of living	114	115	100
Goods & Services	117	117	100
Groceries	104	104	100
Health care	116	116	100
Housing	120	123	100
Transportation	97	97	100
Utilities	114	114	100

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Cost Of Living Quick Facts

The cost of living in Hooksett is 1% lower than the New Hampshire average
The cost of living in Hooksett is 14% higher than the national average
Hooksett housing is 20% higher than the national average
New Hampshire general sales tax is 100% lower than the national average
New Hampshire state income tax is 122% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$74,427	$6,202	$1,737	$2,233
Renters	$48,750	$4,063	$1,137	$1,463

A good way to judge both the affordability of the housing and the cost of living in Hooksett is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Hooksett has a median income of about $74,427 for people who own homes. Based on that number, a maximum of $1,737 should be spent on expenses related to housing. Renters have a slightly different median income, which is $48,750. Based on this average, renters should spend no more than $1,137 on all rental costs if they want to maintain a non-impoverished standard of living.

New Hampshire Sales Tax

State	General Sales Tax	With Max Surtax
New Hampshire	0%	0%

New Hampshire Income Tax

State	Income Tax (Low)	Income Tax (High)
New Hampshire	5%	5%

Goods & Services

Item	Hooksett	National avg.	Difference
Haircut	$27.88	$20.27	37.5%
Beauty Salon	$41.83	$40.39	3.6%
Toothpaste	$2.09	$2.36	11.3%
Shampoo	$1.02	$1.08	5.2%
Movie	$9.99	$10.99	9.1%
Bowling	$22.92	$15.49	47.9%

Groceries

Item	Hooksett	National avg.	Difference
Ground Beef	$4.00	$4.30	7.0%
Fried Chicken	$1.20	$1.40	14.2%
Milk	$2.62	$2.20	19.1%
Potatoes	$4.07	$3.22	26.5%
Pizza	$11.46	$10.74	6.7%
Beer	$9.31	$9.60	3.0%

Health Care

Item	Hooksett	National avg.	Difference
Optometrist	$102.92	$109.73	6.2%
Doctor	$158.77	$118.34	34.2%
Dentist	$129.12	$100.94	27.9%
Ibuprofen	$9.40	$9.93	5.3%
Lipitor	$445.22	$469.53	5.2%

Housing

Item	Hooksett	National avg.	Difference
Home Price	$191,500.00	$184,700.00	3.7%
Avg. Mortgage Payment	$1,162.78	$1,229.62	5.4%
Apartment Rent	$1,514.00	$949.00	59.5%

Transportation

Item	Hooksett	National avg.	Difference
Gasoline	$2.46	$2.71	9.1%
Tire Balancing	$55.59	$51.86	7.2%

Utilities

Item	Hooksett	National avg.	Difference
All Electricity	$215.09	$170.84	25.9%
Phone	$183.36	$187.18	2.0%

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	Population	Cost of Living Index	National Avg.
Pittsfield, NH	1,619	99	0.6%
Suncook, NH	5,171	108	7.5%
Concord, NH	42,634	110	10.3%
Manchester, NH	110,231	111	10.9%
Raymond, NH	3,141	111	11.0%
Hooksett, NH	4,149	114	13.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Pipestone, MN	4,149	78	22.0%
Vidalia, LA	4,148	85	14.8%
Venersborg, WA	4,148	131	30.6%
Farmington, ME	4,151	98	2.2%
Loch Lomond, VA	4,151	121	21.3%
Hooksett, NH	4,149	114	13.8%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.