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New Hampshire Yearly Expenses
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US-175-AZ
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New Hampshire's total average utility bill cost per month stands at $477.02. Electricity averages about $169.35 a month, ranking eighth. Natural gas averages around $107.67, ranking 20th. Internet (60 Mbps) costs $60 on average, ranking 27th.
Average monthly expenses per household: $5,111. The average expenses per month for one consumer unit in 2020 was $5,111. That means the average spending per year is $61,334.
According to the latest statistics, the average yearly expenses of a US consumer in 2020 are $61,334. This averages to $5,111 per month. This represents a 2.7 percent fall from 2019, during which average consumer spending in the US was $63,036 the first decrease in years.
The cost of living in Boston, MA is 38.7% higher than in Manchester, NH.
The Granite State is filled with great places to call home. Ranked #2 on U.S. News and World Report's list of best states to live in the U.S., New Hampshire is known for its excellent quality of life, robust economy and pristine wilderness.
New Hampshire has a cost of living that ranks slightly higher than the national average. However, compared to larger metro areas like Boston or New York, New Hampshire is relatively affordable. When looking at the cost of living in a new state, it's common to look at the cost of housing.
Average living expenses for a single person The average monthly living expenses for a single person in the USA are $3,189, which is $38,266 per year. The average cost for a family of four is $7,095 per month, which is $85,139 per year.
During the pandemic, a combination of low inventory and high demand caused housing prices to soar. "We've had buyers this year pay 10-20% over the asking price," said Jim Lee, president of the New Hampshire Association of Realtors.
The main idea is to limit your living expenses to roughly 50% of your income. That way, you'll have enough leftover for your savings and fun expenditures.
According to GoBankingRates.com, in an article titled "The Salary You Need to Afford Rent in Every State," a resident of New Hampshire would need to make approximately $69,920 per year in order to afford a single-family residence without having your monthly rent consume more than 30 percent of total income.
