Zip 03240 (Grafton, NH) Economy


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United States / New Hampshire / No Metro Area / Grafton County / No City / Grafton (zip 03240)
Grafton, New Hampshire (03240) is a small, rural town located in the White Mountain region of the state. It has a population of approximately 1,400 people and is known for its outdoor recreational activities and beautiful mountain scenery. The median rent for two-bedroom apartments in Grafton is $1,380 per month – slightly cheaper than the US average of $1,430. Additionally, grocery prices in Grafton are 6% higher than the national average which indicates that it may be slightly more expensive to shop in this area. There are several local companies located in Grafton such as Ruggles & Hunt Milling Company, Emjay Pumping Service LLC and Bank of New Hampshire Mortgage Division. These businesses provide jobs and services for both the local residents and visitors to the area.

Grafton (zip 03240) has an unemployment rate of 2.9%. The US average is 6.0%.

Grafton (zip 03240) has seen the job market decrease by -6.5% 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 Grafton (zip 03240)
- The Sales Tax Rate for Grafton (zip 03240) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Grafton (zip 03240) 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 Grafton (zip 03240)
- The average income of a Grafton (zip 03240) resident is $36,647 a year. The US average is $37,638 a year.
- The Median household income of a Grafton (zip 03240) resident is $70,625 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGrafton, New HampshireUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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