Cost of Living in Laconia, NH
Housing
The housing market plays a significant role in determining the cost of living in Laconia, NH.
- Housing Index: 95.0 / 100
- Median Home Price is: $325,000
- Average Rent (2 BR Apartment): $1700 per month
- Average Rent (2 BR House): $1820 per month
In Laconia, NH, the housing index stands at 95.0, indicating a relative affordability when compared to national averages. With a median home price of 325000, aspiring homeowners may find opportunities, although prices are near the affordable range. Renting also reflects demand; the average rent for a 2-bedroom apartment is 1700, while a 2-bedroom house rents for 1820. Given these dynamics, potential residents should consider their long-term living arrangements and financial commitments. Overall, Laconia offers a competitive market for both renters and buyers alike.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Laconia, 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 Laconia, 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 Laconia is a financially viable option for your relocation.