Cost of Living in Lyme, NH
Housing
The housing market plays a significant role in determining the cost of living in Lyme, NH.
- Housing Index: 112.4 / 100
- Median Home Price is: $513,000
- Average Rent (2 BR Apartment): $1989 per month
- Average Rent (2 BR House): $2162 per month
In Lyme, NH, the current housing index is at a concerning low of 112.4, suggesting limited market activity or affordability challenges. With a median home price of 513000, purchasing a property here may be out of reach for many potential buyers. Unfortunately, average rent for a 2-bedroom apartment and house stands at 1989 and 2162 respectively, further complicating the rental landscape. Given these trends, it’s essential for those considering a move to weigh their budgetary constraints and look for areas with more balanced housing markets.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lyme, 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 Lyme, 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 Lyme is a financially viable option for your relocation.