Housing costs in Amherst?
A typical home costs
$545,100, which is 61.2% more expensive than the national average of
$338,100 and 29.4% more expensive than the average New Hampshire home, at
$421,300. Renting a two-bedroom unit in Amherst costs
$1,810 per month, which is 26.6% more than the national average of
$1,430 and 16.0% more than the state average of
$1,520.
Can I afford Amherst?
To live comfortably in Amherst, New Hampshire, a minimum annual income of
$104,400 for a family, and
$55,200 for a single person is recommended.
What does A.I. say about Amherst?
Amherst, NH is an affordable place to live, with a cost of living that is 11% lower than the national average. The median home value in Amherst is around $254,400, which is slightly higher than the national median of $229,700. However, the monthly housing costs are still quite reasonable at just over $1,200 for a two-bedroom apartment and under $2,100 for a four-bedroom house. Overall living expenses such as groceries and utilities are comparable to those found in other New England towns. Additionally, taxes are low compared to other states—there is no sales tax on food or clothing and New Hampshire has no income tax whatsoever. This makes Amherst an ideal location for retirees or those looking to relocate from high-tax areas.