Cost of Living in Somersworth, NH
Housing
The housing market plays a significant role in determining the cost of living in Somersworth, NH.
- Housing Index: 115.0 / 100
- Median Home Price is: $303,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
Analyzing the housing data for Somersworth, NH, we see a housing index of 115.0, indicating that the market is somewhat higher than the national average. With a median home price of 303000, purchasing a home is a significant commitment, though it offers long-term value. Renting seems to be slightly more affordable if you're considering living costs, as average rent for a 2BR apartment is at 1800 while a 2BR house averages 1840. Overall, weigh the advantages of homeownership against rental convenience, given the long-term prospects of the real estate market in this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Somersworth, 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 Somersworth, 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 Somersworth is a financially viable option for your relocation.