Cost of Living in Rochester, NH
Housing
The housing market plays a significant role in determining the cost of living in Rochester, NH.
- Housing Index: 105.0 / 100
- Median Home Price is: $329,900
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
In Rochester, NH, the housing market reflects a competitive environment, with a housing index of 105.0 indicating higher-than-average prices. The median home price is 329900, making homeownership quite a substantial investment. Renters may want to be cautious, as the average rent for a 2-bedroom apartment is around 1800 and a 2-bedroom house averages 1840. This suggests that sustaining a budget for housing can be challenging. It's essential to weigh your options carefully, considering both current market conditions and future growth trends in the area. Take your time to analyze personal long-term goals before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Rochester, 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 Rochester, 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 Rochester is a financially viable option for your relocation.