C-
13%
Overall NAT. AVG.
20%
Goods & Services NAT. AVG.
5%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Laconia New Hampshire National
Cost of living113118100
Goods & Services120120100
Groceries102102100
Health care113113100
Housing105123100
Transportation110110100
Utilities131131100

An Overview of Cost of Living in Laconia, NH

Getting a feel for the cost of living in Laconia is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Laconia is 113, which is 13% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

Goods and services make up 33% of the total cost of living index score and are a large part of your everyday expenses. These items could include things like haircuts, salons, toothpaste, shampoo, clothes, movies, bowling, gym memberships or yoga. In Laconia, you can expect to pay 20.2% more than average for these items, making it a more expensive place to live.

Is Laconia Affordable?

Is Laconia affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Laconia, for instance, where the median home price falls 4.9% higher than the national average, and monthly rent rates are 4.4% higher than usual. Additionally, median income levels contribute to the equation, with Laconia flaunting a median household income of $55,814, 0.9% higher than the national norm.

What Factors can Influence the Cost of Living in Laconia?

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Laconia, healthcare costs are 13.2% higher than the national average.

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Laconia comes in at 31% higher than the national average.

Where is the Data From?

The Laconia cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Laconia is 5% lower than the New Hampshire average
  • The cost of living in Laconia is 13% higher than the national average
  • Laconia housing is 5% higher than the national average
  • New Hampshire general sales tax is 100% lower than the national average
  • New Hampshire state income tax is 54% higher than the national average

Most Affordable Places to Live in and Around Laconia

See all the best places to live around Laconia

Compare Laconia, NH Cost of Living

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      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$81,950$6,829$1,912$2,459
      Renters$37,691$3,141$879$1,131
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Laconia, NH, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Laconia homeowners, is $81,950. This would allow for a maximum of $1,912 per month to be spent on housing costs. For renters, the median monthly income is $37,691 which would result in a maximum of $879 to be spent on rental costs.

      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 4% 4%

      Goods & Services

      Item Laconia National avg. Difference
      Haircut $26.58$24.269.6%
      Beauty Salon $67.97$45.5649.2%
      Toothpaste $3.73$3.700.8%
      Shampoo $1.25$1.282.1%
      Movie $13.07$12.137.7%
      Bowling $25.44$18.0041.4%

      Groceries

      Item Laconia National avg. Difference
      Ground Beef $5.47$5.846.3%
      Fried Chicken $1.44$1.578.5%
      Milk $4.75$4.671.6%
      Potatoes $5.01$4.931.5%
      Pizza $11.66$12.093.6%
      Beer $9.82$10.415.7%

      Health Care

      Item Laconia National avg. Difference
      Optometrist $115.00$125.688.5%
      Doctor $164.00$135.7820.8%
      Dentist $136.17$113.2920.2%
      Ibuprofen $11.01$10.653.4%
      Lipitor $483.35$468.603.1%

      Housing

      Item Laconia National avg. Difference
      Home Price $193,700.00$184,700.004.9%
      Avg. Mortgage Payment $2,281.44$2,346.692.8%
      Apartment Rent $991.00$949.004.4%

      Transportation

      Item Laconia National avg. Difference
      Gasoline $3.33$3.463.9%
      Tire Balancing $86.00$59.9243.5%

      Utilities

      Item Laconia National avg. Difference
      All Electricity $294.40$193.9951.8%
      Phone $186.72$192.252.9%
      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.
      Alton, NH17011616.5%
      Belmont, NH1,2721055.0%
      Ashland, NH1,6301076.8%
      Bristol, NH1,9701087.9%
      Tilton Northfield, NH2,7951088.0%
      Laconia, NH16,58411313.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Easton, MD16,58911313.0%
      El Segundo, CA16,575234134.3%
      Republic, MO16,5718614.2%
      Aberdeen, WA16,5711033.0%
      Lemay, MO16,5658613.9%
      Laconia, NH16,58411313.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.