Cost of Living in Concord, NH

With a cost of living index of 106, Concord, NH is somewhat more expensive than average. Living here is 6% more expensive than the national average and 4% above the New Hampshire state average of 102. With a population of 44,219, Concord is a mid-sized community that balances access to services with a more manageable cost of living compared to larger metros.

Housing costs are the biggest factor in Concord's cost of living. The median monthly rent is $1,360 (3% above the US median of $1,319), and the median home value sits at $323,700 (6% above the national median of $304,900). At current prices, the median home costs roughly 3.9x the median household income — a moderately affordable ratio by today's standards.

The median household income in Concord is $83,701, which is 11% higher than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Concord. The area sees an average annual temperature of 47.2°F, with summers averaging 69°F and winters around 25°F. Annual rainfall totals 42 inches spread over roughly 133 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.