Newmarket, NH Cost Of Living
Cost Of Living In Newmarket, NH Summary
Cost of living in Newmarket 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 Newmarket 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 Newmarket is 127, with 100 being the average.
The cost of living index in Newmarket is 1.3x higher than the national average.
Newmarket ranks as the #21 cheapest in New Hampshire out of 26.
Newmarket ranks as the #4,833 cheapest out of 6,489 in the US.
The median home value in Newmarket is $542,328.
The median income in Newmarket is $83,871.
Table Of Contents
Newmarket's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Newmarket, NH?
According to the most recent data on the cost of living, Newmarket has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to New Hampshire, Newmarket has a cost of living index that's 1.1x higher than New Hampshire's index of 116.
The standard of living in Newmarket ranks as #21 most affordable out of the 26 places we measured in New Hampshire. By definition, that implies Newmarket ranks as the #5 most expensive place in the Granite State.
For more reading on life in Newmarket, check out:
In New Hampshire
In America
Newmarket Cost Of Living Vs. New Hampshire
Six factors go into calculating the cost of living index in Newmarket. Here is how it fairs on each of the criteria:
The Services index in Newmarket is 120.
The Groceries index in Newmarket is 104.
The Health index in Newmarket is 111.
The Housing index in Newmarket is 145.
The Transportation index in Newmarket is 112.
The Utilities index in Newmarket is 130.
| Living Expense | Newmarket | New Hampshire | National Average | |
|---|---|---|---|---|
| Overall | 127 | 116 | 100 | |
| Services | 120 | 118 | 100 | |
| Groceries | 104 | 103 | 100 | |
| Health | 111 | 114 | 100 | |
| Housing | 145 | 122 | 100 | |
| Transportation | 112 | 110 | 100 | |
| Utilities | 130 | 132 | 100 | |
Newmarket, 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 2019-2023. The key points are:
The Median Home Value in Newmarket is $542,328.
The Median Rent in Newmarket is $1,668.
The Median Income in Newmarket is $83,871.
The Home Value To Income in Newmarket is 6.5x.
The Rent To Monthly Income in Newmarket is 0.24x.
| Statistic | Newmarket | New Hampshire | United States |
|---|---|---|---|
| Median Home Value | $542,328 | $501,649 | $303,400 |
| Median Rent | $1,668 | $1,423 | $1,348 |
| Median Income | $83,871 | $95,628 | $78,538 |
| Home Value To Income | 6.5x | 5.2x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Newmarket, NH Costs By Category
Detailed Newmarket Services Costs Vs. New Hampshire
| Item | Newmarket | 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 Newmarket Groceries Costs Vs. New Hampshire
| Item | Newmarket | 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 Newmarket Health Costs Vs. New Hampshire
| Item | Newmarket | New Hampshire |
|---|---|---|
| Optometrist | $115.0 | $125.68 |
| Doctor | $164.0 | $135.78 |
| Dentist | $136.17 | $113.29 |
Detailed Newmarket Transportation Costs Vs. New Hampshire
| Item | Newmarket | New Hampshire |
|---|---|---|
| Gasoline | $3.33 | $3.46 |
| Tire Balancing | $86.0 | $59.92 |
Detailed Newmarket Utilities Costs Vs. New Hampshire
| Item | Newmarket | New Hampshire |
|---|---|---|
| All Electricity | $294.4 | $193.99 |
| Phone | $186.72 | $192.25 |
Newmarket SnackAbility
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Cost Of Living In Cities Around Newmarket
The cost of living varies in the cities and towns around Newmarket. Here's a quick look at the cost of living in the most populous nearby places:
Dover, NH has a cost of living index of 123, 1.0x Newmarket.
Rochester, NH has a cost of living index of 113, 0.9x Newmarket.
Portsmouth, NH has a cost of living index of 148, 1.2x Newmarket.
| City | Population | Cost Of Living | Vs. Newmarket |
|---|---|---|---|
| Dover, NH | 33,070 | 123 | 1.0x |
| Rochester, NH | 32,866 | 113 | 0.9x |
| Portsmouth, NH | 22,332 | 148 | 1.2x |
| Newburyport, MA | 18,444 | 161 | 1.3x |
| Somersworth, NH | 12,060 | 117 | 0.9x |
| Durham, NH | 10,577 | 132 | 1.0x |
| Exeter, NH | 10,138 | 122 | 1.0x |
| Hampton, NH | 9,960 | 139 | 1.1x |
| Kittery, ME | 5,284 | 130 | 1.0x |
