Cost of Living in Grantham, NH

Population 3,434 · New Hampshire · Data vintage 2023

115
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Grantham 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.

Geographically, Grantham is about 50 miles northwest of Manchester, the nearest large metro. Housing prices track closely with Manchester's $336,000 median.

Cost Overview

Housing 115

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

About the Cost of Living in Grantham

The median home value in Grantham is $351,100 — 15% above the national median of $305,000. The median household income of $113,510/year is 52% higher than the US median of $74,580. The local unemployment rate is 3.1%, 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 57.5°F and lows of 34.6°F. Overall, Grantham has a cost of living index of 115 versus the US average of 100, meaning it is 15% more expensive.

🏠 Housing

Median Home Value
$351,100
15% above avg
Property Tax Rate
2.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$980
1 BR
$1,084
2 BR
$1,422
3 BR
$1,902
4 BR
$2,068
Owner-occupied 100.0%
Renter-occupied 0.0%

🛒 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
25.1 min
7% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.4%

Commute Mode

Drove alone
75.3%
Carpooled
12.0%
Work from home
11.4%

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
$113,510
52% above avg
Per Capita Income
$53,060
Unemployment Rate
3.1%
35% below avg
Poverty Rate
0.0%
Labor Force Participation
47.8%

🎓 Education

Bachelor's degree+ 33.8%
Graduate degree 27.5%

👥 Demographics

Median Age 51
Male median age 53.5
Female median age 50.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
57.5°F
Avg Low
34.6°F
Annual Precip
38.1"
23° 45° 68° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 303443577078838173604736
Low °F 91121324452585649372818
Precip" 2.292.102.702.993.323.803.993.623.444.002.982.84

Frequently Asked Questions

What is the cost of living in Grantham, NH?

Grantham has a cost index of 115 (100 = national average). It is 15% above the national average.

What is the average home price in Grantham?

The median home value in Grantham is $351,100 according to 2023 Census ACS data.

What is the median income in Grantham?

The median household income in Grantham is $113,510 per year (2023 ACS 5-year estimates).

What is the sales tax in Grantham, NH?

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

Is Grantham, NH affordable?

Grantham is above average in cost of living, with an index of 115 — about 15% higher than the national average.

What is the weather like in Grantham?

Grantham has average high temperatures of 57.5°F and average lows of 34.6°F. Annual precipitation is 38.1". Data from NOAA 1991–2020 Climate Normals.

Grantham at a Glance

Population
3,434
Median Income
$113,510
Home Value
$351,100
Unemployment
3.1%
Avg High Temp
57.5°F
Sales Tax
0.0%
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