Derry, NH

Above Avg · 110

New Hampshire · Population 21,668 · Updated March 2026

$1,473
Median Rent / Month
$88,901
Median Income
$356,700
Median Home Value
$1,651
Owner Costs / Month

Affordability

How far your income goes in Derry

19.9%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in New Hampshire

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
0%
Sales Tax
1.86%
Property Tax Rate

Estimated Annual Costs

$17,676
Annual Rent
$0
State Income Tax
$6,635
Property Tax (est.)

Cost of Living Overview

Derry is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 110 (where 100 equals the national median), Derry residents can expect to pay median rent of $1,473/month while earning a median household income of $88,901/year.

The median home value in Derry, NH is $356,700, with typical monthly owner costs around $1,651 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.9% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

New Hampshire has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 0% sales tax rate and 1.86% effective property tax rate, the overall tax environment helps keep costs manageable in Derry.

Frequently Asked Questions

Common questions about living costs in Derry

What is the cost of living in Derry, NH?
The cost of living index in Derry, NH is 110 (US average = 100). Median monthly rent is $1,473, median household income is $88,901/year, and the median home value is $356,700.
Is Derry, NH affordable?
No, Derry is more expensive than the national average with a cost index of 110. The rent-to-income ratio is 19.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Derry, NH?
The median gross rent in Derry, NH is $1,473 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,676.
What is the median household income in Derry?
The median household income in Derry, NH is $88,901 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New Hampshire?
New Hampshire has a top income tax rate of 0%, a sales tax of 0%, and an effective property tax rate of 1.86%. Notably, there is no state income tax.