Laconia, NH Economy


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Laconia, NH is a great option for people looking to settle down in a cozy home. It offers an affordable 2 bedroom rent at $1,310, which is significantly lower than the US average of $1,430. Additionally, the cost of living in Laconia is quite reasonable as the Grocery Cost Index there is 107 versus 100 in the US. This makes it a great place to live for people on a budget.
Laconia has plenty to offer when it comes to small businesses and local shops. Some major companies and institutions include The Community College System of New Hampshire, Speare Memorial Hospital, Lakes Region Community Services and New England College-Laconia Center. For entertainment options, there are attractions like Funspot Family Fun Center, Castle in the Clouds and Weirs Beach Drive-in Theater. All these locations make living in Laconia an enjoyable experience for residents and visitors alike!

Laconia has an unemployment rate of 4.0%. The US average is 6.0%.

Laconia has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.

Tax Rates for Laconia
- The Sales Tax Rate for Laconia is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Laconia is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Laconia
- The average income of a Laconia resident is $28,702 a year. The US average is $28,555 a year.
- The Median household income of a Laconia resident is $63,711 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLaconia, New HampshireUnited States
  46
  -5.8%-6.2%
  25.8%33.5%
  0.0%6.2%
  0.0%4.6%
  $36,386$37,638
  $63,711$69,021
  $83,459$85,028
  Population by Occupation
  1.1%1.2%
  0.0%0.5%
  8.0%6.8%
  10.8%10.0%
  0.7%2.5%
  12.7%11.0%
  3.1%4.8%
  0.5%0.8%
  1.7%1.9%
  4.0%4.7%
  3.1%1.9%
  5.5%7.6%
  0.0%0.1%
  4.3%4.2%
  9.9%9.3%
  13.3%14.0%
  4.2%2.1%
  8.8%7.0%
  4.3%4.8%
  4.2%4.7%
Reviews for Laconia
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I lived in Laconia NH for 24 years, born and raised. I left in 2016 because even pre pandemic the area was becoming weak from the drug epidemic, and, starting to re  More

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Friendly neighbors, plenty of restaurants, lakes, skiing, biking, hiking, canoeing and a dog park! The hospital is around the corner and there’s always a beautiful  More

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