Cost of living in South 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 South 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 South Hooksett is 111, with 100 being the average.
The cost of living index in South Hooksett is 1.1x higher than the national average.
South Hooksett ranks as the #15 cheapest in New Hampshire out of 25.
South Hooksett ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in South Hooksett is $289,500.
The median income in South Hooksett is $91,806.
According to the most recent data on the cost of living, South Hooksett has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to New Hampshire, South Hooksett has a cost of living index that's 1.0x lower than New Hampshire's index of 114.
The standard of living in South Hooksett ranks as #15 most affordable out of the 25 places we measured in New Hampshire. By definition, that implies South Hooksett ranks as the #10 most expensive place in the Granite State.
For more reading on life in South Hooksett, check out:
Six factors go into calculating the cost of living index in South Hooksett. Here is how it fairs on each of the criteria:
The Services index in South Hooksett is 110.
The Groceries index in South Hooksett is 100.
The Health index in South Hooksett is 112.
The Housing index in South Hooksett is 129.
The Transportation index in South Hooksett is 96.
The Utilities index in South Hooksett is 112.
|Living Expense||South 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 South Hooksett is $289,500.
The Median Rent in South Hooksett is $1,036.
The Median Income in South Hooksett is $91,806.
The Home Value To Income in South Hooksett is 3.2x.
The Rent To Monthly Income in South Hooksett is 0.14x.
|Statistic||South Hooksett||New Hampshire||United States|
|Median Home Value||$289,500||$288,700||$244,900|
|Home Value To Income||3.2x||3.5x||3.5x|
|Rent To Monthly Income||0.14x||0.17x||0.2x|
The cost of living varies in the cities and towns around South 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 South Hooksett.
Nashua, NH has a cost of living index of 113, 1.0x South Hooksett.
Concord, NH has a cost of living index of 109, 1.0x South Hooksett.