Cost of Living in Newfields, NH

With a cost of living index of 133, Newfields, NH is a notably expensive place to live. Living here is 33% more expensive than the national average and 32% above the New Hampshire state average of 102. Newfields is a small community of 304 residents.

Housing costs are the biggest factor in Newfields's cost of living. The median monthly rent is $1,833 (39% above the US median of $1,319), and the median home value sits at $478,800 (57% above the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in Newfields is $181,635, which is 142% higher than the national median of $75,149. Residents spend roughly 12% 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 Newfields. The area sees an average annual temperature of 46.9°F, with summers averaging 67°F and winters around 26°F. Annual rainfall totals 47 inches spread over roughly 146 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Boston-Cambridge-Newton, MA-NH (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.