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In New Hampshire, the median income is $52,610, but salaries across the state can differ greatly. In cities like Manchester and Concord, the cost of living is notably higher, which is reflected in median salaries reaching $68,971 in Manchester, with 80% of salaries falling between $43,101 and $81,450.
However, in smaller cities or rural regions, such as Keene or Rochester, the median salary tends to be lower, which can make a significant difference in employee expectations.
What is considered a 'good' salary can vary based on factors like location, lifestyle, and industry. A salary in the range of $60,000 to $90,000 is generally considered comfortable for a single person in New Hampshire. High-paying fields like healthcare and technology can offer salaries reaching up to $250,000 or more, while more common roles such as administrative assistants typically earn around $44,000.
In New Hampshire, the cost of living is slightly above the national average, with notable variations in housing and utilities. Housing expenses are about 13% higher than the national average, particularly in areas like Manchester and the Seacoast region, where demand is strong. Utility costs are around 8% higher than the national average, primarily due to the state’s cold winters and heating needs. Transportation expenses, including gas prices, are about 3% higher than the national average, reflecting the state's reliance on personal vehicles and rural nature.
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The average salary in New Hampshire is calculated by gathering data from various sources, including government labor statistics, private industry reports, and job postings. These sources provide a comprehensive snapshot of earnings across a range of industries and occupations within the state. The average salary is typically determined by taking the total earnings of all workers in a particular field and dividing it by the number of employees in that field. This method ensures a general representation of earnings, though it may not fully capture extreme outliers, such as very high or very low salaries.
New Hampshire’s average salary tends to be slightly above the national average, reflecting the state’s higher cost of living and its economic structure, which includes a strong focus on industries such as healthcare, technology, and manufacturing. While the national average salary is influenced by a broader range of regional economies, New Hampshire's economy benefits from its proximity to major metropolitan areas like Boston, which often drives higher wages, particularly in skilled professions. However, salaries in New Hampshire may vary significantly depending on the specific industry or occupation.
Several factors contribute to salary variations within New Hampshire, including industry type, level of education, professional experience, and the specific region within the state. For instance, salaries in cities like Manchester or Nashua may be higher due to their proximity to large business hubs and a higher concentration of technology and healthcare jobs. On the other hand, rural areas of New Hampshire may offer lower salaries due to fewer job opportunities and less competition for talent. Additionally, factors like supply and demand for particular skills, cost of living adjustments, and employer budgets also play a role in determining salary levels across the state.
The cost of living in New Hampshire is higher than the national average, especially in terms of housing, healthcare, and transportation costs. This higher cost of living means that salaries in the state are typically adjusted to reflect these additional expenses. While employees may earn more in New Hampshire than the national average, the increased living expenses may offset the value of their salary. Individuals living in areas like the Seacoast region or near major cities will often face higher costs, which can impact the overall purchasing power of their income, despite earning a relatively high wage.
New Hampshire is seeing rapid growth in several key industries. The technology sector, including software development and IT services, is one of the fastest-growing fields in the state, driven by a thriving innovation ecosystem. Healthcare, particularly in roles like nursing and medical technicians, also continues to grow due to an aging population and increased demand for medical services. Additionally, renewable energy and clean tech industries are emerging as strong players in the state’s economy, as New Hampshire works towards sustainability goals. Education and professional services like finance and consulting are also showing steady growth as the state attracts businesses looking for skilled workers.
Employee benefits in New Hampshire are similar to those offered across the U.S., with health insurance, retirement plans (like 401(k) matching), and paid time off being some of the most common offerings. Many employers also provide life insurance, short- and long-term disability coverage, and flexible working arrangements, especially in industries like technology and finance. Due to the state’s strong focus on work-life balance, some employers offer additional perks such as wellness programs, gym memberships, and paid parental leave. In industries like healthcare, benefits such as medical, dental, and vision insurance are also frequently provided to employees.
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