Quick facts: Manchester, NH

Quick Facts

110.5
Cost of Living
above US average
115,141
Population
28.89
Crime Rate per 1000
above US average
$74,040
Median Income
below US average
$434,900
Median House Price
above US average
$2018.9
Average Rent
above US average
10%
Poverty Rate
below US average
2.6%
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 $74,040.

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Income Needed to Buy

βœ— Stretch
$136k/year
Based on $434,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $136k vs median $74,040
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Income Needed to Rent

⚠ Stretch
$87k/year
Based on $2018.9/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $87k vs median $74,040
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Manchester, NH

Manchester, New Hampshire, is the largest city in the Granite State, known for its rich history and vibrant cultural scene. Situated in southern New Hampshire along the Merrimack River, Manchester has a population of approximately 115,644 residents. The city combines a mix of old-world charm and modern amenities, featuring historic mill buildings that have been repurposed into shops, restaurants, and apartments. Manchester is famous for its thriving arts community, with venues such as the Palace Theatre and the Currier Museum of Art offering various performances and exhibitions. The city also hosts several annual events, including the Manchester Monarchs hockey games and the Music and Arts Festival, attracting visitors from surrounding areas. Education is a priority in Manchester, home to several institutions, including Southern New Hampshire University and the University of New Hampshire at Manchester. Outdoor enthusiasts can enjoy parks like Derryfield Park and the nearby Amoskeag Fishways for recreational activities, including hiking, biking, and fishing. Overall, Manchester, NH, offers a unique blend of history, culture, and community spirit, making it an appealing place to live and visit.

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