Cost of Living in Walpole, NH

With a cost of living index of 85, Walpole, NH is a very affordable place to live. Living here is 15% cheaper than the national average and 17% below the New Hampshire state average of 102. Walpole is a small community of 447 residents.

Housing costs are the biggest factor in Walpole's cost of living. The median monthly rent is $516 (61% below the US median of $1,319), and the median home value sits at $380,000 (25% above the national median of $304,900). At current prices, the median home costs roughly 5.3x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Walpole is $71,563, which is 5% lower than the national median of $75,149. Residents spend roughly 9% 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 Walpole. The area sees an average annual temperature of 45.5°F, with summers averaging 67°F and winters around 23°F. Annual rainfall totals 40.3 inches spread over roughly 154 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.