Farmington, NH vs Hanover, NH

The cost of living difference between Farmington, NH and Hanover, NH is dramatic. Farmington is 46.1% cheaper than Hanover, a gap that translates to thousands of dollars per year in household expenses. Farmington has a cost index of 85 while Hanover sits at 158, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Farmington is $957/month compared to $2,132/month in Hanover — a 55% difference. Home values follow the same pattern: Farmington is more affordable at $215,100 median vs $682,100.

Median household income in Farmington is $51,094 compared to $135,250 in Hanover (-62.2%). While Hanover is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Farmington spend roughly 22.5% of their income on rent, more than the 18.9% in Hanover.

Climate-wise, both cities share similar average temperatures (47.7°F vs 46°F). Farmington receives more rainfall at 41.2" per year compared to 38.1" in Hanover.