Cost of Living in Troy, NH

With a cost of living index of 91, Troy, NH is slightly more affordable than average. Living here is 9% cheaper than the national average and 11% below the New Hampshire state average of 102. Troy is a small community of 1,086 residents.

Housing costs are the biggest factor in Troy's cost of living. The median monthly rent is $1,200 (9% below the US median of $1,319), and the median home value sits at $201,000 (34% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Troy is $90,938, which is 21% higher than the national median of $75,149. Residents spend roughly 16% 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 Troy. The area sees an average annual temperature of 46.4°F, with summers averaging 67°F and winters around 25°F. Annual rainfall totals 46.4 inches spread over roughly 151 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.