C-
17%
Overall NAT. AVG.
20%
Goods & Services NAT. AVG.
17%
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 Somersworth New Hampshire National
Cost of living117118100
Goods & Services120120100
Groceries102102100
Health care113113100
Housing117123100
Transportation110110100
Utilities131131100

An Overview of Cost of Living in Somersworth, NH

Knowing the cost of living in Somersworth allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Somersworth stands at 117, marking it 17% higher than the national average.

The things you purchase regularly, like clothes, haircuts, movie tickets and gym memberships, can make a big dent in your budget and make up 33% of the cost of living index. Unfortunately in Somersworth, these items will cost you 20.2% more than what's considered the norm, making it a more expensive place to call home.

Is Somersworth Affordable?

Is Somersworth affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Somersworth, the median home price is 14.5% higher than the national average and monthly rent prices are 21.5% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Somersworth boasting a median household income of $67,209, 21.5% higher than the national average.

What Factors can Influence the Cost of Living in Somersworth?

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Somersworth, the transportation index stands at 9.9% higher than the national average.

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Somersworth, the utilities index registers 31% higher than the national average.

Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Somersworth, the baseline sales tax rate begins at 0%, and income tax rates start at 5%.

Where is the Data From?

The Somersworth 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. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Somersworth is 2% lower than the New Hampshire average
  • The cost of living in Somersworth is 17% higher than the national average
  • Somersworth housing is 17% 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 Somersworth

See all the best places to live around Somersworth

Compare Somersworth, 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$75,059$6,255$1,751$2,252
      Renters$51,023$4,252$1,190$1,531
      The affordability of the housing market in Somersworth, 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 Somersworth homeowners, the median income is $75,059. This indicates that a monthly maximum of $1,751 should be spent by homeowners on all housing related costs. Renters have a median income of $51,023. This indicates that renters would have a maximum of $1,190 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 4% 4%

      Goods & Services

      Item Somersworth 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 Somersworth 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 Somersworth 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 Somersworth National avg. Difference
      Home Price $211,400.00$184,700.0014.5%
      Avg. Mortgage Payment $2,281.44$2,346.692.8%
      Apartment Rent $1,153.00$949.0021.5%

      Transportation

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

      Utilities

      Item Somersworth 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.
      Milton, NH5371033.4%
      Farmington, NH4,14011211.6%
      Sanford, ME21,1661065.5%
      Rochester, NH31,30511312.9%
      Berwick, ME1,98511414.2%
      Somersworth, NH12,02711716.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Home Gardens, CA12,02713534.5%
      Hasbrouck Heights, NJ12,02613838.3%
      Green River, WY12,0251032.7%
      Rawdon, QC12,021n/a 
      Adjala-Tosorontio, ON12,021n/a 
      Somersworth, NH12,02711716.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.