Cost of Living in Hampton, NH
Housing
The housing market plays a significant role in determining the cost of living in Hampton, NH.
- Housing Index: 120.0 / 100
- Median Home Price is: $475,000
- Average Rent (2 BR Apartment): $2400 per month
- Average Rent (2 BR House): $2500 per month
When considering a move to Hampton, NH, it's essential to take into account the housing market. With a housing index of 120.0 indicating average affordability, the median home price of 475000 may be a significant investment compared to other regions. The average rent for a 2-bedroom apartment stands at 2400, while renting a 2-bedroom house is slightly higher at 2500. This suggests that homeownership could be a more cost-effective option long-term, especially as property values in many regions continue to rise. Adjust your budget accordingly to make the most informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hampton, NH.
- Electricity Price: $22.44 USD (median by state)
- Natural Gas Price: $17.58 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Hampton, NH could entail higher utility costs. Electricity costs sit at $22.44, while natural gas is priced at $17.58 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Hampton is a financially viable option for your relocation.