Cost Of Living in Newmarket, NH

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Newmarket	New Hampshire	National
Cost of living	125	118	100
Goods & Services	120	120	100
Groceries	102	102	100
Health care	113	113	100
Housing	144	123	100
Transportation	110	110	100
Utilities	131	131	100

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Cost Of Living Quick Facts

The cost of living in Newmarket is 5% higher than the New Hampshire average
The cost of living in Newmarket is 25% higher than the national average
Newmarket housing is 44% higher than the national average
New Hampshire general sales tax is 100% lower than the national average
New Hampshire state income tax is 54% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$103,821	$8,652	$2,422	$3,115
Renters	$54,952	$4,579	$1,282	$1,649

A good way to judge both the affordability of the housing and the cost of living in Newmarket is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Newmarket has a median income of about $103,821 for people who own homes. Based on that number, a maximum of $2,422 should be spent on expenses related to housing. Renters have a slightly different median income, which is $54,952. Based on this average, renters should spend no more than $1,282 on all rental costs if they want to maintain a non-impoverished standard of living.

New Hampshire Sales Tax

State	General Sales Tax	With Max Surtax
New Hampshire	0%	0%

New Hampshire Income Tax

State	Income Tax (Low)	Income Tax (High)
New Hampshire	4%	4%

Goods & Services

Item	Newmarket	National avg.	Difference
Haircut	$26.58	$24.26	9.6%
Beauty Salon	$67.97	$45.56	49.2%
Toothpaste	$3.73	$3.70	0.8%
Shampoo	$1.25	$1.28	2.1%
Movie	$13.07	$12.13	7.7%
Bowling	$25.44	$18.00	41.4%

Groceries

Item	Newmarket	National avg.	Difference
Ground Beef	$5.47	$5.84	6.3%
Fried Chicken	$1.44	$1.57	8.5%
Milk	$4.75	$4.67	1.6%
Potatoes	$5.01	$4.93	1.5%
Pizza	$11.66	$12.09	3.6%
Beer	$9.82	$10.41	5.7%

Health Care

Item	Newmarket	National avg.	Difference
Optometrist	$115.00	$125.68	8.5%
Doctor	$164.00	$135.78	20.8%
Dentist	$136.17	$113.29	20.2%
Ibuprofen	$11.01	$10.65	3.4%
Lipitor	$483.35	$468.60	3.1%

Housing

Item	Newmarket	National avg.	Difference
Home Price	$269,900.00	$184,700.00	46.1%
Avg. Mortgage Payment	$2,281.44	$2,346.69	2.8%
Apartment Rent	$1,324.00	$949.00	39.5%

Transportation

Item	Newmarket	National avg.	Difference
Gasoline	$3.33	$3.46	3.9%
Tire Balancing	$86.00	$59.92	43.5%

Utilities

Item	Newmarket	National avg.	Difference
All Electricity	$294.40	$193.99	51.8%
Phone	$186.72	$192.25	2.9%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Berwick, ME	1,985	114	14.2%
Somersworth, NH	12,027	117	16.5%
Raymond, NH	3,807	118	18.3%
Exeter, NH	9,349	121	21.0%
Dover, NH	31,922	124	23.9%
Newmarket, NH	5,737	125	24.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
West Side Highway, WA	5,735	105	4.7%
Schriever, LA	5,734	89	11.2%
Newtown Grant, PA	5,740	141	41.1%
Princeton, WV	5,740	86	14.5%
Nolanville, TX	5,732	90	9.8%
Newmarket, NH	5,737	125	24.8%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Newmarket, NH