Tuftonboro, NH is a small town located in Carroll County in the Lakes Region of New Hampshire. It has a population of about 2,000 people and is known for its beautiful scenery, tranquil lake setting, and rich history. The cost of living in Tuftonboro is slightly higher than the national average; however, it offers many amenities that make it attractive to prospective residents. Specifically, the average two bedroom rental rate in Tuftonboro is $1,530 instead of the US average of $1,430. Additionally, the grocery cost index in Tuftonboro is 114 compared to 100 in the US as a whole.
Tuftonboro boasts several local companies such as Gossler Farms Nurseries Inc., an award-winning garden center and nursery; Cider Hill Farm with its farm stand that sells locally grown apples and vegetables as well as pies and other treats; and Black Bear Fleece Wearables which produces handmade fleece garments. Despite its slightly higher cost of living when compared to other places in New Hampshire or around the US, Tuftonboro remains an attractive option because of its picturesque views and access to many amenities.
Tuftonboro has an unemployment rate of 3.1%. The US average is 6.0%.
Tuftonboro has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Tuftonboro
- The Sales Tax Rate for Tuftonboro is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Tuftonboro 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 Tuftonboro
- The average income of a Tuftonboro resident is $40,481 a year. The US average is $37,638 a year.
- The Median household income of a Tuftonboro resident is $76,176 a year. The US average is $69,021 a year.