Comprehensive salary data, cost of living, tax rates, and employment information for New Hampshire.
Reviewed by Alexander O.M., MBA, BSc Engineering•Updated
New Hampshire has no state income tax on wages — it taxes only dividends and interest at 3%, and even that narrow tax is scheduled to phase out entirely. Combined with no state sales tax, New Hampshire is one of only two US states (the other is Alaska) with neither major consumption tax nor wage-based income tax. The $90,845 median household income ranks in the top ten in the US, driven in part by Massachusetts-commuter households living in southern NH and working in Boston's tax-advantaged corridor. The cost-of-living index of 113 reflects housing costs that have risen quickly, particularly in the Seacoast and in the communities along I-93 within commuting range of Boston. The economy has shifted meaningfully over three decades — traditional manufacturing has declined, while a defence cluster (BAE Systems, Lockheed-adjacent suppliers), technology (Dyn/Oracle, Fidelity Investments' Merrimack campus), and healthcare (Dartmouth-Hitchcock anchoring the Upper Valley) have all grown. The $7.25/hour minimum wage remains at the federal floor. Property taxes are the highest in the US by effective rate — the direct consequence of the state's no-sales-tax, no-wage-tax structure. Detailed data follows.
Median Individual
$43,790
per year
Median Household
$90,845
per year
Cost of Living
113
Expensive (US avg = 100)
State Income Tax
0% (3% on dividends/interest)
rate
Salary Overview for New Hampshire
The median individual income in New Hampshire is $43,790 per year, while the mean (average) individual income is $55,180. The median household income is $90,845.
Cost of Living Adjusted Salary
New Hampshire's cost of living index is 113 (national average = 100). This means the median salary of $43,790 in New Hampshire has the purchasing power of approximately $38,752 at the national average cost of living. The higher cost of living in New Hampshire means you need to earn more to maintain the same standard of living.
Minimum Wage in New Hampshire
The current minimum wage in New Hampshire is $7.25/hour, which equals approximately $15,080 per year for a full-time worker (40 hours/week, 52 weeks). See our complete New Hampshire minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in New Hampshire
Dartmouth-Hitchcock
Fidelity Investments
BAE Systems
Major Industries in New Hampshire
Technology
Healthcare
Tourism
Tax Rates in New Hampshire
See the full tax breakdown including income tax, sales tax, property tax, and more on our New Hampshire tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in New Hampshire after federal and state taxes.