Cost of Living in Gorham, NH

With a cost of living index of 72, Gorham, NH is one of the most affordable cities in the country. Living here is 28% cheaper than the national average and 29% below the New Hampshire state average of 102. Gorham is a small community of 2,044 residents.

Housing costs are the biggest factor in Gorham's cost of living. The median monthly rent is $774 (41% below the US median of $1,319), and the median home value sits at $136,300 (55% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Gorham is $60,417, which is 20% lower than the national median of $75,149. Residents spend roughly 15% 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 Gorham. The area sees an average annual temperature of 28°F, with summers averaging 48°F and winters around 8°F. Annual rainfall totals 91.2 inches spread over roughly 216 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.