Cost Of Living in South Hooksett, NH

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	South Hooksett	New Hampshire	National
Cost of living	125	118	100
Goods & Services	120	120	100
Groceries	102	102	100
Health care	113	113	100
Housing	144	123	100
Transportation	110	110	100
Utilities	131	131	100

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Cost Of Living Quick Facts

The cost of living in South Hooksett is 5% higher than the New Hampshire average
The cost of living in South Hooksett is 25% higher than the national average
South Hooksett housing is 44% 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

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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	$95,199	$7,933	$2,221	$2,856
Renters	$53,452	$4,454	$1,247	$1,604

The affordability of the housing market in South Hooksett, 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 South Hooksett homeowners, the median income is $95,199. This indicates that a monthly maximum of $2,221 should be spent by homeowners on all housing related costs. Renters have a median income of $53,452. This indicates that renters would have a maximum of $1,247 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	South Hooksett	National avg.	Difference
Haircut	$26.58	$24.26	9.6%
Beauty Salon	$67.97	$45.56	49.2%
Toothpaste	$3.73	$3.70	0.8%
Shampoo	$1.25	$1.28	2.1%
Movie	$13.07	$12.13	7.7%
Bowling	$25.44	$18.00	41.4%

Groceries

Item	South Hooksett	National avg.	Difference
Ground Beef	$5.47	$5.84	6.3%
Fried Chicken	$1.44	$1.57	8.5%
Milk	$4.75	$4.67	1.6%
Potatoes	$5.01	$4.93	1.5%
Pizza	$11.66	$12.09	3.6%
Beer	$9.82	$10.41	5.7%

Health Care

Item	South Hooksett	National avg.	Difference
Optometrist	$115.00	$125.68	8.5%
Doctor	$164.00	$135.78	20.8%
Dentist	$136.17	$113.29	20.2%
Ibuprofen	$11.01	$10.65	3.4%
Lipitor	$483.35	$468.60	3.1%

Housing

Item	South Hooksett	National avg.	Difference
Home Price	$289,200.00	$184,700.00	56.6%
Avg. Mortgage Payment	$2,281.44	$2,346.69	2.8%
Apartment Rent	$1,073.00	$949.00	13.1%

Transportation

Item	South Hooksett	National avg.	Difference
Gasoline	$3.33	$3.46	3.9%
Tire Balancing	$86.00	$59.92	43.5%

Utilities

Item	South Hooksett	National avg.	Difference
All Electricity	$294.40	$193.99	51.8%
Phone	$186.72	$192.25	2.9%

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.
Suncook, NH	4,975	113	12.6%
Pinardville, NH	4,764	115	15.4%
East Merrimack, NH	4,786	117	17.1%
Raymond, NH	3,807	118	18.3%
Goffstown, NH	2,848	119	18.7%
South Hooksett, NH	5,911	125	24.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Erwin, TN	5,910	90	9.8%
Hampshire, IL	5,909	109	9.1%
Tay Valley, ON	5,913	n/a
Progreso, TX	5,908	73	26.6%
Waupaca, WI	5,916	89	10.6%
South Hooksett, NH	5,911	125	24.6%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in South Hooksett, NH