Quick facts: Laconia, NH

Quick Facts

101.2
Cost of Living
above US average
17,086
Population
28.97
Crime Rate per 1000
above US average
$67,856
Median Income
below US average
$509,000
Median House Price
above US average
$1968.57
Average Rent
above US average
9%
Poverty Rate
below US average
2.4%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $67,856.

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Income Needed to Buy

βœ— Stretch
$160k/year
Based on $509,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $160k vs median $67,856
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Income Needed to Rent

⚠ Stretch
$84k/year
Based on $1968.57/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $84k vs median $67,856
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Laconia, NH

Laconia, New Hampshire, is a charming city located in Belknap County in the heart of the Lakes Region. Nestled between Lake Winnipesaukee and Lake Opechee, Laconia is renowned for its beautiful waterfronts and recreational opportunities. With a population of approximately 16,000 residents, the city offers a blend of small-town charm and outdoor adventures. Laconia is famous for its annual Laconia Motorcycle Week, one of the largest motorcycle rallies in the country, drawing thousands of visitors each June. The city also provides numerous opportunities for year-round outdoor activities, including boating, fishing, hiking, and skiing in nearby mountains. Downtown Laconia features a range of shops, restaurants, and historic architecture. Key attractions include the Weirs Beach, a popular summer destination, and the nearby Belknap Mill, one of the oldest textile mills in the U.S., which now serves as a cultural center. The city is also home to several parks and recreational facilities, making it an ideal location for families and outdoor enthusiasts alike. With a friendly atmosphere and picturesque landscapes, Laconia is a delightful place to live or visit.

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