Cost of Living in North Conway, NH

With a cost of living index of 92, North Conway, NH is slightly more affordable than average. Living here is 8% cheaper than the national average and 10% below the New Hampshire state average of 102. North Conway is a small community of 2,286 residents.

Housing costs are the biggest factor in North Conway's cost of living. The median monthly rent is $1,050 (20% below the US median of $1,319), and the median home value sits at $271,100 (11% below the national median of $304,900). At current prices, the median home costs roughly 3.7x the median household income — a moderately affordable ratio by today's standards.

The median household income in North Conway is $73,344, which is 2% lower than the national median of $75,149. Residents spend roughly 17% 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 North Conway. The area sees an average annual temperature of 44.7°F, with summers averaging 67°F and winters around 22°F. Annual rainfall totals 46.9 inches spread over roughly 144 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.