Zip 03031 (Amherst, NH) Economy


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Amherst, New Hampshire (03031) is a charming town located in Hillsborough County. The 2 Bedroom rent here is $1,880 compared to the US average of $1,430. It is also very affordable to shop for groceries here as the Grocery Cost Index in Amherst is 8% higher than the national average.
In addition to its affordability, Amherst has many great local businesses such as P&N Plumbing & Heating, Preferred Inspection Services and Sunapee Kettle Corn Co. For recreation and leisure, there are numerous options available including Abenaki Ski Area, The Village Green Mini Golf Course and Arlene Henry Park. The town also hosts popular events such as the Annual Town Festival which includes live music and food vendors.

Amherst (zip 03031) has an unemployment rate of 2.6%. The US average is 6.0%.

Amherst (zip 03031) has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.

Tax Rates for Amherst (zip 03031)
- The Sales Tax Rate for Amherst (zip 03031) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Amherst (zip 03031) 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 Amherst (zip 03031)
- The average income of a Amherst (zip 03031) resident is $47,243 a year. The US average is $28,555 a year.
- The Median household income of a Amherst (zip 03031) resident is $142,083 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAmherst, New HampshireUnited States
  2.66
  -5.2%-6.2%
  33.0%33.5%
  0.0%6.2%
  0.0%4.6%
  $67,724$37,638
  $142,083$69,021
  $162,181$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.2%6.8%
  14.8%10.0%
  2.7%2.5%
  12.2%11.0%
  4.4%4.8%
  0.3%0.8%
  1.0%1.9%
  7.3%4.7%
  0.8%1.9%
  16.5%7.6%
  0.1%0.1%
  1.8%4.2%
  9.4%9.3%
  11.9%14.0%
  3.1%2.1%
  3.8%7.0%
  4.1%4.8%
  2.7%4.7%
Health