Farmington, NH vs Newmarket, NH
There is a significant gap in the cost of living between these two cities. Farmington is 28.4% cheaper than Newmarket. With a cost index of 85 vs 119, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Farmington to Newmarket should plan for substantially higher expenses across most categories.
On the housing front, median rent in Farmington is $957/month compared to $1,668/month in Newmarket — a 43% difference. Home values follow the same pattern: Farmington is more affordable at $215,100 median vs $364,800.
Median household income in Farmington is $51,094 compared to $83,871 in Newmarket (-39.1%). While Newmarket 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, less than the 23.9% in Newmarket.
Climate-wise, both cities share similar average temperatures (47.7°F vs 46.9°F). Newmarket receives more rainfall at 47" per year compared to 41.2" in Farmington.
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Climate
NOAA 30-year normals (1991-2020)