
New Hampshire’s Already High Cost of Rent Expected to Increase in 2025
Remember during the pandemic, there was a flood of people who moved out of, say, New York and decided to find a more peaceful way of living here in New Hampshire? Well, apparently, the rent prices they paid in the big apple may be following them here to our little 603.
According to the laconiadailysun.com, the rent in New Hampshire is expected to increase anywhere from 5% - 10% depending on the size of the apartment. This information is based on data from Housing and Urban Development.
The Cost of Living in New Hampshire Exceeds $60K
As of December, 2024, the cost of living in New Hampshire, according to apartmentlist.com, you would need to earn just over $60,320 per year to afford either a one or two bedroom apartment in New Hampshire. The average cost per month is $1,508.
I know people who are looking for an apartment in New Hampshire currently and they would jump for joy at that price.
RELATED: Did You Know You Can Rent Someone Else's Pool in New England?
The nature of our society is changing. No longer is homeownership an option or even a desire for certain young adults, however, I'm not sure they are at the point where they would be comfortable living with their parents their whole lives.
What Happens to New Hampshire Renters with Mental Health Issues?
Young adults, sometimes with families, will figure it out for the most part. What if, however, a young person has mental health issues and they just can't navigate the challenge of potentially getting a second job to pay the rent. What then?
Parents, hopefully, will be opening their doors back to their children in future years and I, for one, am very happy about it. I've always envied cultures that lived together for their entire lives under one roof.
How do you feel about living with your whole family again?
If you need help with paying your rent, New Hampshire does have resources for you. Dial 2-1-1 or click here for a list of agencies.
These 20 New Hampshire Towns Have the Youngest Populations
New Hampshire and Maine Goodwill Stores Do Not Accept These 21 Items
Gallery Credit: Ginny Rogers