Cost of Living in Hillsborough, NH

Population 5,967 · New Hampshire · Data vintage 2023

78
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 Hillsborough a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $245,000. An unemployment rate of 2.0% points to a labor market well on the tight side of the national distribution.

Hillsborough is about 30 miles west of Manchester, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 27% lower than Manchester's $336,000.

Cost Overview

Housing 80
Rent 74

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

About the Cost of Living in Hillsborough

The median home value in Hillsborough is $245,000 — 20% below the national median of $305,000. Median rent runs $977/month, 26% lower than the national median of $1,314/month. The median household income of $93,421/year is 25% higher than the US median of $74,580. The local unemployment rate is 2.0%, 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 58.3°F and lows of 36.1°F, with about 67.7" of annual snowfall. Overall, Hillsborough has a cost of living index of 78 versus the US average of 100, meaning it is 22% less expensive.

🏠 Housing

Median Home Value
$245,000
20% below avg
Median Rent
$977/mo
26% below avg
Price-to-Rent Ratio
20.9x
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 90.7%
Renter-occupied 9.3%

💰 Estimated Monthly Budget

Rent median rent
$977
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,591/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
36.1 min
34% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.1%

Commute Mode

Drove alone
77.2%
Carpooled
10.4%
Walked
1.3%
Work from home
11.1%

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
$93,421
25% above avg
Per Capita Income
$38,203
Unemployment Rate
2.0%
59% below avg
Poverty Rate
5.7%
Labor Force Participation
51.0%

🎓 Education

Bachelor's degree+ 13.7%
Graduate degree 10.2%

👥 Demographics

Median Age 39.5
Male median age 37
Female median age 42.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
58.3°F
Avg Low
36.1°F
Annual Precip
42"
Annual Snowfall
67.7"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 323544586978838274614837
Low °F 131523334454595749382920
Precip" 2.802.753.283.433.473.773.623.633.634.433.443.70
Snow" 17.116.913.62.50.00.00.00.00.00.82.514.3

💨 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

Frequently Asked Questions

What is the cost of living in Hillsborough, NH?

Hillsborough has a cost index of 78 (100 = national average). It is 22% below the national average.

What is average rent in Hillsborough, NH?

The median gross rent in Hillsborough is $977 per month based on 2023 Census data.

What is the average home price in Hillsborough?

The median home value in Hillsborough is $245,000 according to 2023 Census ACS data.

What is the median income in Hillsborough?

The median household income in Hillsborough is $93,421 per year (2023 ACS 5-year estimates).

What is the sales tax in Hillsborough, NH?

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

Is Hillsborough, NH affordable?

Yes, Hillsborough is generally considered affordable, with a cost of living index of 78 — about 22% below the US national average of 100.

What is the weather like in Hillsborough?

Hillsborough has average high temperatures of 58.3°F and average lows of 36.1°F. Annual precipitation is 42". Average annual snowfall is 67.7". Data from NOAA 1991–2020 Climate Normals.

Hillsborough at a Glance

Population
5,967
Median Income
$93,421
Home Value
$245,000
Median Rent
$977/mo
Unemployment
2.0%
Avg High Temp
58.3°F
Sales Tax
0.0%
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🗺️ County data for New Hampshire

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