Cost of Living in Nashua, NH

Population 91,131 · New Hampshire · Data vintage 2023

124
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Nashua lands reasonably close to national benchmarks on most cost indicators, with a median home value of $373,000 — 22% above the US figure. That makes it a useful reference point for comparing with more extreme markets in New Hampshire.

Nashua sits roughly 11 miles northwest of Lowell — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Lowell's $395,000 median.

Cost Overview

Housing 122
Rent 126

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

About the Cost of Living in Nashua

The median home value in Nashua is $373,100 — 22% above the national median of $305,000. Median rent runs $1,652/month, 26% higher than the national median of $1,314/month. The median household income of $92,457/year is 24% higher than the US median of $74,580. The local unemployment rate is 4.8%, 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, Nashua has a cost of living index of 124 versus the US average of 100, meaning it is 24% more expensive.

🏠 Housing

Median Home Value
$373,100
22% above avg
Zillow Home Value
$493,619
Zillow ZHVI
Median Rent
$1,652/mo
26% above avg
Zillow Rent
$2,177/mo
Zillow ZORI
Price-to-Rent Ratio
18.8x
Favors buying
Property Tax Rate
2.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,104
1 BR
$1,180
2 BR
$1,548
3 BR
$2,019
4 BR
$2,140
Owner-occupied 56.4%
Renter-occupied 43.6%

💰 Estimated Monthly Budget

Rent median rent
$1,652
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,266/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
27.8 min
3% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.0%

Commute Mode

Drove alone
72.0%
Carpooled
8.9%
Public transit
1.3%
Walked
1.7%
Bicycle
0.1%
Work from home
15.0%

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
$92,457
24% above avg
Per Capita Income
$50,026
Unemployment Rate
4.8%
0% below avg
Poverty Rate
7.1%
Labor Force Participation
71.7%

🎓 Education

Bachelor's degree+ 25.7%
Graduate degree 14.8%

👥 Demographics

Median Age 39.7
Male median age 37.7
Female median age 42

🌤 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

83%
4-Year Graduation Rate
13.1:1
Student-teacher ratio
22
Public schools
11,847
Total enrollment

Frequently Asked Questions

What is the cost of living in Nashua, NH?

Nashua has a cost index of 124 (100 = national average). It is 24% above the national average.

What is average rent in Nashua, NH?

The median gross rent in Nashua is $1,652 per month based on 2023 Census data.

What is the average home price in Nashua?

The median home value in Nashua is $373,100 according to Zillow and Census data.

What is the median income in Nashua?

The median household income in Nashua is $92,457 per year (2023 ACS 5-year estimates).

What is the sales tax in Nashua, NH?

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

Is Nashua, NH affordable?

Nashua is above average in cost of living, with an index of 124 — about 24% higher than the national average.

What is the weather like in Nashua?

Nashua 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.

Nashua at a Glance

Population
91,131
Median Income
$92,457
Home Value
$373,100
Median Rent
$1,652/mo
Unemployment
4.8%
Avg High Temp
59.8°F
Sales Tax
0.0%
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🗺️ County data for New Hampshire

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