Cost of living in Hooksett research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hooksett is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Hampshire, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Hooksett is 112, with 100 being the average.
The cost of living index in Hooksett is 1.1x higher than the national average.
Hooksett ranks as the #17 cheapest in New Hampshire out of 25.
Hooksett ranks as the #4,296 cheapest out of 6,412 in the US.
The median home value in Hooksett is $227,200.
The median income in Hooksett is $80,899.
According to the most recent data on the cost of living, Hooksett has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to New Hampshire, Hooksett has a cost of living index that's 1.0x lower than New Hampshire's index of 114.
The standard of living in Hooksett ranks as #17 most affordable out of the 25 places we measured in New Hampshire. By definition, that implies Hooksett ranks as the #8 most expensive place in the Granite State.
For more reading on life in Hooksett, check out:
Six factors go into calculating the cost of living index in Hooksett. Here is how it fairs on each of the criteria:
The Services index in Hooksett is 110.
The Groceries index in Hooksett is 100.
The Health index in Hooksett is 115.
The Housing index in Hooksett is 121.
The Transportation index in Hooksett is 94.
The Utilities index in Hooksett is 112.
|Living Expense||Hooksett||New Hampshire||National Average|
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 2017-2021. The key points are:
The Median Home Value in Hooksett is $227,200.
The Median Rent in Hooksett is $1,607.
The Median Income in Hooksett is $80,899.
The Home Value To Income in Hooksett is 2.8x.
The Rent To Monthly Income in Hooksett is 0.24x.
|Statistic||Hooksett||New Hampshire||United States|
|Median Home Value||$227,200||$288,700||$244,900|
|Home Value To Income||2.8x||3.5x||3.5x|
|Rent To Monthly Income||0.24x||0.17x||0.2x|
The cost of living varies in the cities and towns around Hooksett. Here's a quick look at the cost of living in the most populous nearby places:
Manchester, NH has a cost of living index of 108, 1.0x Hooksett.
Concord, NH has a cost of living index of 109, 1.0x Hooksett.
Derry, NH has a cost of living index of 109, 1.0x Hooksett.