Cost of Living in New Ipswich, NH

Population 5,274 · New Hampshire · Data vintage 2023

90
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

New Ipswich 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. An unemployment rate of 2.9% points to a labor market well on the tight side of the national distribution.

Located 25 miles southwest of Manchester, New Ipswich falls within that metro's commuting orbit. Housing prices track closely with Manchester's $336,000 median.

Cost Overview

Housing 104
Rent 68

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

About the Cost of Living in New Ipswich

The median home value in New Ipswich is $317,900 — 4% above the national median of $305,000. Median rent runs $896/month, 32% lower than the national median of $1,314/month. The median household income of $100,417/year is 35% higher than the US median of $74,580. The local unemployment rate is 2.9%, 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 59.5°F and lows of 38.3°F. Overall, New Ipswich has a cost of living index of 90 versus the US average of 100, meaning it is 10% less expensive.

🏠 Housing

Median Home Value
$317,900
4% above avg
Median Rent
$896/mo
32% below avg
Price-to-Rent Ratio
29.6x
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 86.4%
Renter-occupied 13.6%

💰 Estimated Monthly Budget

Rent median rent
$896
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,510/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
33.2 min
23% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.0%

Commute Mode

Drove alone
73.3%
Carpooled
8.6%
Walked
3.3%
Work from home
14.0%

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
$100,417
35% above avg
Per Capita Income
$41,739
Unemployment Rate
2.9%
39% below avg
Poverty Rate
1.8%
Labor Force Participation
58.5%

🎓 Education

Bachelor's degree+ 14.8%
Graduate degree 15.9%

👥 Demographics

Median Age 38.1
Male median age 37.9
Female median age 40.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
59.5°F
Avg Low
38.3°F
Annual Precip
43.4"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 343745587078838274625040
Low °F 161725354656626051403022
Precip" 2.652.823.823.783.604.113.523.363.984.483.583.67

Frequently Asked Questions

What is the cost of living in New Ipswich, NH?

New Ipswich has a cost index of 90 (100 = national average). It is 10% below the national average.

What is average rent in New Ipswich, NH?

The median gross rent in New Ipswich is $896 per month based on 2023 Census data.

What is the average home price in New Ipswich?

The median home value in New Ipswich is $317,900 according to 2023 Census ACS data.

What is the median income in New Ipswich?

The median household income in New Ipswich is $100,417 per year (2023 ACS 5-year estimates).

What is the sales tax in New Ipswich, NH?

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

Is New Ipswich, NH affordable?

New Ipswich is near the national average in terms of cost of living, with an index of 90 (100 = US average).

What is the weather like in New Ipswich?

New Ipswich has average high temperatures of 59.5°F and average lows of 38.3°F. Annual precipitation is 43.4". Data from NOAA 1991–2020 Climate Normals.

New Ipswich at a Glance

Population
5,274
Median Income
$100,417
Home Value
$317,900
Median Rent
$896/mo
Unemployment
2.9%
Avg High Temp
59.5°F
Sales Tax
0.0%
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