New Hampshire Single-Family House Prices Grew Faster than Median Household Income and Average Wages Across the State

New Hampshire’s median household income and average wages have not kept up with the rapidly rising cost of purchasing a house in New Hampshire since 2018. According to the most recent data available, the median household income in the state was about $90,000 in 2022, which was an increase of 20.0 percent from the median household income of about $75,000 in 2018. The median price of a single-family house grew faster during this time period, from $283,000 in 2018 to $440,000 in 2022, a 55.5 percent increase. While benchmark rental prices did not substantially outpace the growth in median household income or in average wages between 2018 and 2022, those who rent their homes typically earn lower incomes relative to homeowners in the state. As of 2022, the median household income for renters was about $56,000, while homeowner median income was approximately $108,000.