Cost of Living in Farmington, NH

Population 6,786 · New Hampshire · Data vintage 2023

83
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Farmington sits on the smaller end of the New Hampshire city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Located 35 miles northeast of Manchester, Farmington falls within that metro's commuting orbit. Median home values run roughly 19% lower than Manchester's $336,000.

Cost Overview

Housing 90
Rent 73

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

About the Cost of Living in Farmington

The median home value in Farmington is $273,100 — 10% below the national median of $305,000. Median rent runs $963/month, 27% lower than the national median of $1,314/month. The median household income of $63,712/year is 15% lower than the US median of $74,580. The local unemployment rate is 3.7%, 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 57.8°F and lows of 37.6°F. Overall, Farmington has a cost of living index of 83 versus the US average of 100, meaning it is 17% less expensive.

🏠 Housing

Median Home Value
$273,100
10% below avg
Median Rent
$963/mo
27% below avg
Price-to-Rent Ratio
23.6x
Favors renting
Property Tax Rate
2.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,475
1 BR
$1,517
2 BR
$1,961
3 BR
$2,429
4 BR
$2,749
Owner-occupied 75.3%
Renter-occupied 24.7%

💰 Estimated Monthly Budget

Rent median rent
$963
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,577/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
27.7 min
3% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
16.4%

Commute Mode

Drove alone
76.7%
Carpooled
5.4%
Walked
0.2%
Work from home
16.4%

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
$63,712
15% below avg
Per Capita Income
$33,321
Unemployment Rate
3.7%
23% below avg
Poverty Rate
11.0%
Labor Force Participation
54.4%

🎓 Education

Bachelor's degree+ 12.0%
Graduate degree 8.4%

👥 Demographics

Median Age 45.9
Male median age 43.9
Female median age 47.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
57.8°F
Avg Low
37.6°F
Annual Precip
41.2"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 333544576777828173604837
Low °F 151725354554605850393122
Precip" 2.532.223.723.673.523.863.523.173.434.393.893.30

🏫 Schools

NCES CCD 2019 — public school district data

82%
4-Year Graduation Rate
9.4:1
Student-teacher ratio
3
Public schools
816
Total enrollment

Frequently Asked Questions

What is the cost of living in Farmington, NH?

Farmington has a cost index of 83 (100 = national average). It is 17% below the national average.

What is average rent in Farmington, NH?

The median gross rent in Farmington is $963 per month based on 2023 Census data.

What is the average home price in Farmington?

The median home value in Farmington is $273,100 according to 2023 Census ACS data.

What is the median income in Farmington?

The median household income in Farmington is $63,712 per year (2023 ACS 5-year estimates).

What is the sales tax in Farmington, NH?

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

Is Farmington, NH affordable?

Yes, Farmington is generally considered affordable, with a cost of living index of 83 — about 17% below the US national average of 100.

What is the weather like in Farmington?

Farmington has average high temperatures of 57.8°F and average lows of 37.6°F. Annual precipitation is 41.2". Data from NOAA 1991–2020 Climate Normals.

Farmington at a Glance

Population
6,786
Median Income
$63,712
Home Value
$273,100
Median Rent
$963/mo
Unemployment
3.7%
Avg High Temp
57.8°F
Sales Tax
0.0%
View all cities in New Hampshire →
🗺️ County data for New Hampshire

Explore county-level cost of living data

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