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: $325000
• 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 101.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $67856

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Laconia, NH, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.