Planning your move to the Granite State? You’re not alone! More than 30,472 people are moving to New Hampshire annually, which is why its population has reached 1.4 million in 2024.
Companies are also relocating to NH. The Granite State witnessed 7.5% growth in new businesses, which indicates a strong economy and a robust job market. New Hampshire’s cost of living is $4,727/mo, and the $0 state income tax appeals to potential movers, too.
3 Reasons to Move to New Hampshire
New Hampshire is one of the favorite relocation destinations for Americans. Here are 3 reasons to move to NH:
| # | Reasons to Move to NH | Highlights |
|---|---|---|
| 1. | Cost of Living | The average cost of living in New Hampshire is 2.4% lower than the national average. |
| 2. | Tax Benefits | The Granite State does not impose any state income taxes. |
| 3. | Employment | New Hampshire aims to add 42,000 new jobs by 2032 across different sectors. |
1. Affordable Cost of Living
The cost of living in New Hampshire is 5.8% above the national average. It’s an attractive option compared to states like Massachusetts and New York, where living costs are 46% and 26% above the national average.
Here’s a breakdown of monthly expenses in New Hampshire’s popular cities:
| Metro | Median Home Price | Median Rent | Public Transport | Utilities | Food |
| Manchester | $445,000 | $1,718 | $52 | $195.57 | $597 |
| Portsmouth | $714,500 | $2,269 | $50 | $302.32 | $655 |
| Concord | $407,000 | $1,383 | $43 | $195.57 | $539 |
| Nashua | $464,950 | $1,933 | $45.7 | $225 | $595 |
2. Tax Benefits
New Hampshire is one of the few US states with no state income tax. For instance, if you earn $70,000 in NH, your after-tax income remains $70,000. In comparison, if you earned the same in California, where the income tax rate is 9.3%, you would lose on $6,510.
Additionally, property taxes in New Hampshire are 1.77% of a home’s value, which is lower than in neighboring state New Jersey, where they are 2.47%. The Granite State also does not impose any sales tax.
3. Employment Opportunities
New Hampshire’s robust economy offers various employment opportunities across several industries. NH aims to add 42,000 new jobs by the end of 2032.
- Healthcare and Social Assistance: The healthcare sector is fast-growing and projected to add 9,100 jobs by 2032. Major employers include Dartmouth-Hitchcock Medical Center, Elliot Hospital, and Catholic Medical Center.
- Professional, Technical, and Scientific Services: Cybersecurity, software development, and management consulting jobs are in high demand. This sector is expected to grow by 6,900 jobs by 2032. Key employers include BAE Systems and PC Connection.
- Construction and Manufacturing: Both sectors are expected to add over 2,100 jobs each by 2032. This growth is driven by a strong economy, infrastructure investments, and increased housing construction.
- Business and Financial Services: This sector is projected to add over 4,200 jobs by 2032. Roles like accountants, auditors, and human resources specialists will see the most growth.
Cost of Moving to New Hampshire 💲
There are additional costs involved in moving from one state to another. Here’s a breakdown of costs you may incur while relocating to NH:
1. Moving Costs ~ $776 to $5,984
Moving to NH involves several costs, including the costs involved in moving your belongings.
- New Hampshire movers typically cost $178 per hour. However, this figure depends entirely on your belongings and the distance traveled.
- If you want to DIY your move, renting a truck can be a better option. The average rent of a mid-size moving truck with a load capacity of 4,000-6,000 pounds ranges between $40 and $80 per day.
- 👉 Tip: Moving can be expensive, especially if you are selling your home before you move. In this case, you can use a Flat Fee MLS company to save on listing agent commissions. This way, you can have additional cash when you move to New Hampshire.
2. Utility Expenses ~ $400 to $500 Per Month
Apart from moving and housing costs, you will have to incur utility expenses when migrating to New Hampshire.
- When relocating to New Hampshire, you must set up utilities like gas, electricity, water, etc. The average utility bill in NH is around $401/month.
- You will have to register your vehicle in New Hampshire. The first-time registration cost of a passenger vehicle in NH ranges from $31 to $55. A standard title transfer costs around $25.
3. Housing Costs
Housing costs in the Granite State can vary depending on your location.
- In popular cities like Manchester, Nashua, and Dover, the average rent ranges between $1,500 and $2,500.
- However, if you’re looking to buy a house in New Hampshire, home prices vary across the state. Make sure you find cheap houses for sale in New Hampshire in your budget. Coastal cities like Portsmouth have a median home price of $714K. On the other hand, the average cost of a home in inland cities like Concord is $407K.
4 Tips for a Seamless Move to New Hampshire ✅
Moving to a new place can be tough. Here are some tips to help you make a smooth transition.
- Research Cities and Neighborhoods: It’s important to research the area you want to live in. You must know if your home is in the city or suburbs. Find out where the nearby schools, hospitals, coffee shops, or restaurants are.
- Find the Living Costs: Your living costs will change once you migrate. Before moving to New Hampshire, get an estimate of the basic living expenses in your desired location.
- Visit the Neighborhood: Once you’ve decided where you want to live, you must visit that New Hampshire neighborhood in person and see what you feel about the area.
- Meet Your Neighbors: Connect with your neighbors and socialize. Local Facebook groups can be the best way to meet your neighbors.
