Hanover, NH is a small yet vibrant city located in the Upper Valley region of New Hampshire. This city is home to Dartmouth College which provides a great deal of cultural entertainment and activities for its residents. Hanover boasts many restaurants and boutiques that are unique to this area. In addition, there are numerous local companies providing countless job opportunities for its citizens.
When it comes to cost of living, Hanover is a little higher than the national average. For example, the average two-bedroom rental price in Hanover is about $2,680 compared to $1,430 nationally. Additionally, the grocery cost index in Hanover is 118 versus 100 in the US. However, despite these costs being slightly higher than other cities around the country, many people find Hanover worth living because of its tight-knit community and numerous job opportunities provided by local companies such as Dartmouth College and Hypertherm Incorporated.
Hanover has an unemployment rate of 2.9%. The US average is 6.0%.
Hanover has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 31.3%, which is lower than the US average of 33.5%.
Tax Rates for Hanover
- The Sales Tax Rate for Hanover is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Hanover 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 Hanover
- The average income of a Hanover resident is $34,140 a year. The US average is $28,555 a year.
- The Median household income of a Hanover resident is $146,198 a year. The US average is $69,021 a year.