Cost of Living in Hooksett, NH

With a cost of living index of 118, Hooksett, NH is a notably expensive place to live. Living here is 18% more expensive than the national average and 16% above the New Hampshire state average of 102. Hooksett is a smaller community of 5,362 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Hooksett's cost of living. The median monthly rent is $1,829 (39% above the US median of $1,319), and the median home value sits at $298,900 (2% below the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Hooksett is $91,005, which is 21% higher than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Hooksett. 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.