Cost of Living in Hanover, NH
Population 8,520 · New Hampshire · Data vintage 2023
(100 = US avg)
Home prices in Hanover run well above the national baseline, with a median of $682,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $135,250 place the city among the better-paid New Hampshire metros. Unemployment has stayed elevated relative to the national figure — 7.0% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Located 65 miles northwest of Manchester, Hanover is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 103% higher than Manchester's $336,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Hanover
The median home value in Hanover is $682,100 — 124% above the national median of $305,000. Median rent runs $2,132/month, 62% higher than the national median of $1,314/month. The median household income of $135,250/year is 81% higher than the US median of $74,580. The local unemployment rate is 7.0%, above 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, Hanover has a cost of living index of 199 versus the US average of 100, meaning it is 99% more expensive.
Hanover has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 30 | 34 | 43 | 57 | 70 | 78 | 83 | 81 | 73 | 60 | 47 | 36 |
| Low °F | 9 | 11 | 21 | 32 | 44 | 52 | 58 | 56 | 49 | 37 | 28 | 18 |
| Precip" | 2.29 | 2.10 | 2.70 | 2.99 | 3.32 | 3.80 | 3.99 | 3.62 | 3.44 | 4.00 | 2.98 | 2.84 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Hanover, NH?
Hanover has a cost index of 199 (100 = national average). It is 99% above the national average.
What is average rent in Hanover, NH?
The median gross rent in Hanover is $2,132 per month based on 2023 Census data.
What is the average home price in Hanover?
The median home value in Hanover is $682,100 according to Zillow and Census data.
What is the median income in Hanover?
The median household income in Hanover is $135,250 per year (2023 ACS 5-year estimates).
What is the sales tax in Hanover, NH?
The combined state and local sales tax rate in Hanover is 0.0%. New Hampshire has no state income tax.
Is Hanover, NH affordable?
Hanover is above average in cost of living, with an index of 199 — about 99% higher than the national average.
What is the weather like in Hanover?
Hanover 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.
Hanover at a Glance
- Population
- 8,520
- Median Income
- $135,250
- Home Value
- $682,100
- Median Rent
- $2,132/mo
- Unemployment
- 7.0%
- Avg High Temp
- 57.5°F
- Sales Tax
- 0.0%
Nearby Cities
Explore county-level cost of living data
New Hampshire Rankings
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