Cost of Living in Colebrook, NH

With a cost of living index of 73, Colebrook, NH is one of the most affordable cities in the country. Living here is 27% cheaper than the national average and 29% below the New Hampshire state average of 102. Colebrook is a small community of 1,143 residents.

Housing costs are the biggest factor in Colebrook's cost of living. The median monthly rent is $740 (44% below the US median of $1,319), and the median home value sits at $151,700 (50% below the national median of $304,900). At current prices, the median home costs roughly 3.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Colebrook is $43,125, which is 43% lower than the national median of $75,149. Residents spend roughly 21% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Colebrook. The area sees an average annual temperature of 41.4°F, with summers averaging 64°F and winters around 18°F. Annual rainfall totals 36.5 inches spread over roughly 168 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.