Quick facts: Concord, NH

Quick Facts

105.2
Cost of Living
above US average
44,503
Population
14.85
Crime Rate per 1000
below US average
$77,874
Median Income
below US average
$339,000
Median House Price
above US average
$2068.45
Average Rent
above US average
10%
Poverty Rate
below US average
2.2%
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 $77,874.

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Income Needed to Buy

βœ— Stretch
$106k/year
Based on $339,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $106k vs median $77,874
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Income Needed to Rent

⚠ Stretch
$89k/year
Based on $2068.45/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $89k vs median $77,874
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Concord, NH

Concord, the capital of New Hampshire, is a vibrant city located in the south-central part of the state. Nestled along the Merrimack River, it boasts a rich history that dates back to the 18th century when it was established as a settlement. The city is known for its charming downtown area, featuring historic architecture, boutiques, and local eateries. Concord is home to several cultural attractions, including the New Hampshire State House, the oldest state capitol in which the legislature still meets in its original chambers. The city hosts the annual Market Days Festival, which highlights local businesses and artisans. Outdoor enthusiasts will appreciate the proximity to beautiful parks and trails, including the scenic East Hill Farm. With a population of around 43,000, Concord offers a blend of urban and suburban living with a strong sense of community. It also serves as a hub for education, with institutions like the University of New Hampshire School of Law. The city features good transportation options, making it accessible to both residents and visitors alike. Overall, Concord is a picturesque and dynamic place to explore.

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