Cost of Living in Amherst, NH

Population 11,821 · New Hampshire · Data vintage 2023

141
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Amherst a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $495,000. The labor market has been unusually tight, with unemployment around 2.3% — below most comparable cities in the state.

Amherst sits roughly 11 miles southwest of Manchester — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 47% higher than Manchester's $336,000.

Cost Overview

Housing 162
Rent 110

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Amherst

The median home value in Amherst is $494,500 — 62% above the national median of $305,000. Median rent runs $1,447/month, 10% higher than the national median of $1,314/month. The median household income of $150,938/year is 102% higher than the US median of $74,580. The local unemployment rate is 2.3%, below the national average of 4.8%. New Hampshire charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 59.8°F and lows of 40.4°F. Overall, Amherst has a cost of living index of 141 versus the US average of 100, meaning it is 41% more expensive.

🏠 Housing

Median Home Value
$494,500
62% above avg
Median Rent
$1,447/mo
10% above avg
Price-to-Rent Ratio
28.5x
Favors renting
Property Tax Rate
2.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,184
1 BR
$1,192
2 BR
$1,564
3 BR
$1,917
4 BR
$2,405
Owner-occupied 90.9%
Renter-occupied 9.1%

💰 Estimated Monthly Budget

Rent median rent
$1,447
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,061/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
30.7 min
14% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
29.6%

Commute Mode

Drove alone
61.8%
Carpooled
6.0%
Walked
0.9%
Bicycle
0.1%
Work from home
29.6%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 0.0%
State rate 0.0%
Avg local rate 0.0%
Property Tax 2.1%

💼 Income & Employment

Median Household Income
$150,938
102% above avg
Per Capita Income
$71,572
Unemployment Rate
2.3%
52% below avg
Poverty Rate
4.6%
Labor Force Participation
52.4%

🎓 Education

Bachelor's degree+ 35.4%
Graduate degree 28.6%

👥 Demographics

Median Age 45.6
Male median age 44.6
Female median age 46.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
59.8°F
Avg Low
40.4°F
Annual Precip
40.4"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 343746597079848275625039
Low °F 171927384858646254423324
Precip" 2.442.733.453.333.384.043.303.353.723.883.483.29

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 39 — Good
83.6%
Good air days/yr
119
Max AQI recorded
69
PM2.5 days
293
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
11.7:1
Student-teacher ratio
4
Public schools
2,264
Total enrollment

Frequently Asked Questions

What is the cost of living in Amherst, NH?

Amherst has a cost index of 141 (100 = national average). It is 41% above the national average.

What is average rent in Amherst, NH?

The median gross rent in Amherst is $1,447 per month based on 2023 Census data.

What is the average home price in Amherst?

The median home value in Amherst is $494,500 according to 2023 Census ACS data.

What is the median income in Amherst?

The median household income in Amherst is $150,938 per year (2023 ACS 5-year estimates).

What is the sales tax in Amherst, NH?

The combined state and local sales tax rate in Amherst is 0.0%. New Hampshire has no state income tax.

Is Amherst, NH affordable?

Amherst is above average in cost of living, with an index of 141 — about 41% higher than the national average.

What is the weather like in Amherst?

Amherst has average high temperatures of 59.8°F and average lows of 40.4°F. Annual precipitation is 40.4". Data from NOAA 1991–2020 Climate Normals.

Amherst at a Glance

Population
11,821
Median Income
$150,938
Home Value
$494,500
Median Rent
$1,447/mo
Unemployment
2.3%
Avg High Temp
59.8°F
Sales Tax
0.0%
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Explore county-level cost of living data

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