Cost of Living in Wolfeboro, NH

With a cost of living index of 101, Wolfeboro, NH is right around the national average in cost. Living here is 1% more expensive than the national average and in line with the New Hampshire state average. Wolfeboro is a small community of 2,420 residents.

Housing costs are the biggest factor in Wolfeboro's cost of living. The median monthly rent is $1,111 (16% below the US median of $1,319), and the median home value sits at $363,200 (19% above the national median of $304,900). At current prices, the median home costs roughly 7.2x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Wolfeboro is $50,721, which is 33% lower than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

Climate is another factor for anyone considering a move to Wolfeboro. The area sees an average annual temperature of 47.7°F, with summers averaging 69°F and winters around 27°F. Annual rainfall totals 41.2 inches spread over roughly 139 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.