Nashua, New Hampshire Cost Of Living

D

16%

Overall NAT. AVG.

17%

Goods & Services NAT. AVG.

27%

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	Nashua	New Hampshire	National
Cost of living	116	115	100
Goods & Services	117	117	100
Groceries	104	104	100
Health care	116	116	100
Housing	127	123	100
Transportation	97	97	100
Utilities	114	114	100

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Cost Of Living Quick Facts

The cost of living in Nashua is 1% higher than the New Hampshire average
The cost of living in Nashua is 16% higher than the national average
Nashua housing is 27% 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	$91,156	$7,596	$2,127	$2,735
Renters	$44,130	$3,678	$1,030	$1,324

The affordability of the housing market in Nashua, NH as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Nashua homeowners, the median income is $91,156. This indicates that a monthly maximum of $2,127 should be spent by homeowners on all housing related costs. Renters have a median income of $44,130. This indicates that renters would have a maximum of $1,030 for their rent related monthly 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	5%	5%

Goods & Services

Item	Nashua	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	Nashua	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	Nashua	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	Nashua	National avg.	Difference
Home Price	$239,100.00	$184,700.00	29.5%
Avg. Mortgage Payment	$1,162.78	$1,229.62	5.4%
Apartment Rent	$1,155.00	$949.00	21.7%

Transportation

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

Utilities

Item	Nashua	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.
Wilton, NH	935	107	7.4%
Shirley, MA	1,361	108	7.7%
East Merrimack, NH	3,920	108	8.3%
Townsend, MA	1,413	109	8.8%
Derry, NH	22,392	111	11.4%
Nashua, NH	87,279	116	15.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Deltona, FL	87,387	90	9.6%
Suffolk, VA	87,061	107	6.6%
Asheville, NC	87,531	104	4.2%
Carmel, IN	86,940	112	12.5%
Hawthorne, CA	86,938	138	38.1%
Nashua, NH	87,279	116	15.8%

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