Quick facts: Nashua, NH

Quick Facts

106.6
Cost of Living
above US average
91,161
Population
12.24
Crime Rate per 1000
below US average
$88,766
Median Income
above US average
$489,900
Median House Price
above US average
$1943.0
Average Rent
above US average
7%
Poverty Rate
below US average
2.9%
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 $88,766.

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Income Needed to Buy

βœ— Stretch
$154k/year
Based on $489,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $154k vs median $88,766
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Income Needed to Rent

βœ“ Affordable
$83k/year
Based on $1943.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($88,766) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Nashua, NH

Nashua, New Hampshire, located in Hillsborough County, is a vibrant city known for its rich history, diverse community, and strong economy. As one of the largest cities in the state, Nashua has a population of approximately 90,000 residents. The city offers a mix of urban and suburban living, featuring a charming downtown area filled with shops, restaurants, and cultural attractions. Nashua is recognized for its high quality of life, offering excellent public schools, numerous parks, and recreational facilities. The city is home to the Nashua Riverwalk, a scenic pathway that runs along the river, providing residents with a beautiful place to walk, bike, and enjoy nature. Economically, Nashua is part of the Greater Boston metropolitan area, benefiting from a diverse job market that includes technology, healthcare, and manufacturing sectors. The city's proximity to Boston also makes it an attractive location for commuters. Culturally, Nashua hosts various events throughout the year, including the Nashua International Sculpture Symposium and the Festival of Trees. With its blend of history, community spirit, and economic opportunity, Nashua continues to be a desirable place to live and work in New Hampshire.

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