Cost of Living in Wolfeboro, NH

Population 6,528 · New Hampshire · Data vintage 2023

118
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Wolfeboro skews considerably older than the national median, with an average age of 57. Reported household income of $84,484 often reflects pension and investment income rather than wages, which makes the local tax picture — especially property tax treatment — a larger factor than in working-age cities.

Geographically, Wolfeboro is about 45 miles northeast of Manchester, the nearest large metro. Median home values run roughly 29% higher than Manchester's $336,000.

Cost Overview

Housing 142
Rent 83

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

About the Cost of Living in Wolfeboro

The median home value in Wolfeboro is $432,300 — 42% above the national median of $305,000. Median rent runs $1,093/month, 17% lower than the national median of $1,314/month. The median household income of $84,484/year is 13% higher than the US median of $74,580. The local unemployment rate is 5.3%, 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 57.8°F and lows of 37.6°F. Overall, Wolfeboro has a cost of living index of 118 versus the US average of 100, meaning it is 18% more expensive.

🏠 Housing

Median Home Value
$432,300
42% above avg
Median Rent
$1,093/mo
17% below avg
Price-to-Rent Ratio
33.0x
Favors renting
Property Tax Rate
2.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$973
1 BR
$1,127
2 BR
$1,395
3 BR
$1,876
4 BR
$2,328
Owner-occupied 76.0%
Renter-occupied 24.0%

💰 Estimated Monthly Budget

Rent median rent
$1,093
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,707/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
21.7 min
20% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
18.8%

Commute Mode

Drove alone
66.5%
Carpooled
8.3%
Walked
5.9%
Work from home
18.8%

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
$84,484
13% above avg
Per Capita Income
$50,025
Unemployment Rate
5.3%
10% above avg
Poverty Rate
8.3%
Labor Force Participation
45.7%

🎓 Education

Bachelor's degree+ 24.3%
Graduate degree 18.2%

👥 Demographics

Median Age 56.5
Male median age 56.4
Female median age 56.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
57.8°F
Avg Low
37.6°F
Annual Precip
41.2"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 333544576777828173604837
Low °F 151725354554605850393122
Precip" 2.532.223.723.673.523.863.523.173.434.393.893.30

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
10.7:1
Student-teacher ratio
8
Public schools
2,306
Total enrollment

Frequently Asked Questions

What is the cost of living in Wolfeboro, NH?

Wolfeboro has a cost index of 118 (100 = national average). It is 18% above the national average.

What is average rent in Wolfeboro, NH?

The median gross rent in Wolfeboro is $1,093 per month based on 2023 Census data.

What is the average home price in Wolfeboro?

The median home value in Wolfeboro is $432,300 according to 2023 Census ACS data.

What is the median income in Wolfeboro?

The median household income in Wolfeboro is $84,484 per year (2023 ACS 5-year estimates).

What is the sales tax in Wolfeboro, NH?

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

Is Wolfeboro, NH affordable?

Wolfeboro is above average in cost of living, with an index of 118 — about 18% higher than the national average.

What is the weather like in Wolfeboro?

Wolfeboro has average high temperatures of 57.8°F and average lows of 37.6°F. Annual precipitation is 41.2". Data from NOAA 1991–2020 Climate Normals.

Wolfeboro at a Glance

Population
6,528
Median Income
$84,484
Home Value
$432,300
Median Rent
$1,093/mo
Unemployment
5.3%
Avg High Temp
57.8°F
Sales Tax
0.0%
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Explore county-level cost of living data

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