What is the cost of living in Hanover, NH?
According to the most recent data on the cost of living, Hanover has an overall cost of living index of 148, which is 1.5x higher than the national index of 100.
Compared to New Hampshire, Hanover has a cost of living index that's 1.3x higher than New Hampshire's index of 111.
The standard of living in Hanover ranks as #25 most affordable out of the 25 places we measured in New Hampshire. By definition, that implies Hanover ranks as the #0 most expensive place in the Granite State.
For more reading on life in Hanover, check out:
Hanover Cost Of Living Vs. New Hampshire
Six factors go into calculating the cost of living index in Hanover. Here is how it fares on each of the criteria:
The Services index in Hanover is 103.
The Groceries index in Hanover is 103.
The Health index in Hanover is 248.
The Housing index in Hanover is 106.
The Transportation index in Hanover is 107.
The Utilities index in Hanover is 100.
| Living Expense | Hanover | New Hampshire | National Average |
|---|---|---|---|
| Overall | 148 | 111 | 100 |
| Services | 103 | 103 | 100 |
| Groceries | 103 | 105 | 100 |
| Health | 248 | 126 | 100 |
| Housing | 106 | 104 | 100 |
| Transportation | 107 | 108 | 100 |
| Utilities | 100 | 102 | 100 |
Hanover Cost Of Living Compared To New Hampshire Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Hampshire, check out:
- Most Expensive Cities In New Hampshire
- Most Affordable Cities In New Hampshire
- Average Rent In New Hampshire
Source: Cost-of-living index 2026, normalized to US average = 100
Hanover, NH Housing Cost Breakdown
Housing swings affordability the most between places in New Hampshire, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Hanover is $959,517.
The Median Rent in Hanover is $2,254.
The Median Income in Hanover is $153,281.
The Home Value To Income in Hanover is 6.3x.
The Rent To Monthly Income in Hanover is 0.18x.
| Statistic | Hanover | New Hampshire | United States |
|---|---|---|---|
| Median Home Value | $959,517 | $507,347 | $332,700 |
| Median Rent | $2,254 | $1,491 | $1,413 |
| Median Income | $153,281 | $99,031 | $80,734 |
| Home Value To Income | 6.3x | 5.1x | 4.1x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.21x |
Hanover, NH Costs By Category
Detailed Hanover Services costs vs. New Hampshire
| Item | Hanover | New Hampshire |
|---|---|---|
| Shampoo | $1.25 | $1.28 |
| Movie | $13.07 | $12.13 |
| Bowling | $25.44 | $18 |
| Haircut | $26.58 | $24.26 |
| Beauty Salon | $67.97 | $45.56 |
Detailed Hanover Groceries costs vs. New Hampshire
| Item | Hanover | New Hampshire |
|---|---|---|
| Ground Beef | $5.47 | $5.84 |
| Fried Chicken | $1.44 | $1.57 |
| Milk | $4.75 | $4.67 |
| Potatoes | $5.01 | $4.93 |
| Pizza | $11.66 | $12.09 |
| Beer | $9.82 | $10.41 |
| Toothpaste | $3.73 | $3.7 |
Detailed Hanover Health costs vs. New Hampshire
| Item | Hanover | New Hampshire |
|---|---|---|
| Optometrist | $115.0 | $125.68 |
| Doctor | $164.0 | $135.78 |
| Dentist | $136.17 | $113.29 |
Detailed Hanover Transportation costs vs. New Hampshire
| Item | Hanover | New Hampshire |
|---|---|---|
| Gasoline | $3.33 | $3.46 |
| Tire Balancing | $86.0 | $59.92 |
Detailed Hanover Utilities costs vs. New Hampshire
| Item | Hanover | New Hampshire |
|---|---|---|
| All Electricity | $294.4 | $193.99 |
| Phone | $186.72 | $192.25 |
Hanover SnackAbility
Cost Of Living In Cities Around Hanover
The cost of living varies in the cities and towns around Hanover. Here's a quick look at the cost of living in the most populous nearby places:
Concord, NH has a cost of living index of 110, 0.7x Hanover.
Lebanon, NH has a cost of living index of 117, 0.8x Hanover.
Montpelier, VT has a cost of living index of 111, 0.8x Hanover.
| City | Population | Cost Of Living | Vs. Hanover |
|---|---|---|---|
| Concord, NH | 44,375 | 110 | 0.7x |
| Lebanon, NH | 14,999 | 117 | 0.8x |
| Montpelier, VT | 8,014 | 111 | 0.8x |
| Middlebury, VT | 7,220 | 120 | 0.8x |
