New Hampshire: The Cost of Living and High-Paying Jobs

Introduction

New Hampshire is a state located in the northeastern region of the United States. It is renowned for its charming small towns, beautiful landscapes, and rich colonial history. New Hampshire is one of the most attractive states for families due to its high quality of life, excellent education system, and low unemployment rate. However, like any other state, living in New Hampshire comes with a cost. Let’s take a closer look at the cost of living in New Hampshire for a family with both working parents and two kids.

The Cost of Living in New Hampshire

The cost of living in New Hampshire is slightly higher than the national average. This is mainly due to high housing costs, high taxes, and high healthcare expenses. The average cost of living in New Hampshire is around $70,000 per year for a family of four. Here is a breakdown of some of the expenses associated with living in New Hampshire:

Housing

The cost of housing plays a significant role in the cost of living for families in New Hampshire. The average rent for a three-bedroom apartment in New Hampshire is around $1,500 per month. The average cost of buying a house is around $300,000.

Childcare

The cost of childcare in New Hampshire is higher than the national average. The average cost of childcare for two kids is around $20,000 per year. This is a significant expense for families.

Food

The cost of food in New Hampshire is slightly higher than the national average. However, this can vary depending on the location and the types of food purchased.

Transportation

The average cost of gas in New Hampshire is around $2.50 per gallon. The cost of owning and maintaining a car can also add up.

Utilities

The cost of utilities such as electricity, heating, and water also plays a significant role in the cost of living. The average cost of utilities in New Hampshire is around $300 per month.

Healthcare

Healthcare costs in New Hampshire can vary widely depending on the type of insurance plan and the healthcare provider. The average cost of healthcare for a family of four in New Hampshire is around $20,000 per year.

High-Paying Jobs in New Hampshire

According to salary data from the Bureau of Labor Statistics, certain jobs in New Hampshire offer higher-than-average pay. Management occupations, which require a high level of education and experience, top the list with an average salary of $134,305.60. This is followed closely by Computer and Information Systems Managers, who can expect to earn an average of $161,283.20 annually. Financial managers, who are responsible for overseeing the financial operations of organizations, can earn an average of $151,756.80.

Other high-paying jobs in New Hampshire include Healthcare Practitioners and Technical Occupations, such as physicians and surgeons, who can expect to earn an average of $190,016.00 annually. Those in Legal Occupations, such as lawyers and judges, can earn an average of $129,398.40.

On the other end of the spectrum, occupations such as Stockers and Order Fillers, who make an average of $40,081.60 annually, and Laborers and Freight, Stock, and Material Movers, who earn an average of $38,313.60, offer lower pay in comparison. However, these jobs may require less education or experience than higher-paying positions and can provide an entry point into the workforce.

Conclusion

New Hampshire offers a variety of high-paying jobs that can provide residents with a comfortable standard of living. However, it’s important to consider the cost of living in the state before considering a move. While the cost of living may be higher than other states, the benefits of living in New Hampshire, such as the high quality of life, make it a desirable place to call home.

This content was created by www.priceofyou.com/cost-of-living. Our team derives unique insights by analyzing contemporary data from trusted sources such as the Bureau of Labor Statistics, Redfin, MIT Living Wage, among others. Should you choose to utilize this data, we kindly request that you provide a link back to our resource.