Cost of Living Comparison between Hickory, NC vs Keene, NH

Moving to Keene, NH from Hickory, NC with a salary of $60,000

Thinking about moving to another city? Here are two important questions and the numbers to you will need to answer those questions:
How much more or less will it cost to live in the new city?
Look at the percentage difference between the cost of living where you live now, and the cost of living in the new location.
How much more or less will pay for the same or similar job be in the new city?
Look at the percentage increase or reduction in your salary that you could expect if you were to move to that new location
Using these numbers, we calculated the net change in annual disposable income that a move to the new city will have on your wallet and lifestyle.

Cost of Living change

Hickory, NC to Keene, NH

30.9%

$0
$50k
$100k

Estimated Salary change

Hickory, NC to Keene, NH

8.2%

$0
$50k
$100k

Think Carefully…

Looks like this move could have a negative net change in disposable income

$-13,620.7
Explanation
The cost of living in Keene, NH is 30.9% higher than in Hickory, NC. You would have to earn a salary of $78,521 to maintain your current standard of living.
Employers in Keene, NH typically pay 8.2% more than employeers in Hickory, NC. The same type of job in the same type of company in Keene, NH will typically pay $64,900.

Cost of Living at Home

Typical Salary at Work

Current Location
Hickory, NC Edit
Hickory, NC Edit
New Location
Keene, NH Edit
Keene, NH Edit
Percent Change
30.9%
8.2%

It's a good time to be working in New Hampshire.


Employment is up 2.4% over this time last year.



Cost of Living Calculator




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Comments about the Cost of Living in Keene, NH

New Hampshire is a tax-friendly state with a low cost of living for some.

New Hampshire has no state sales tax. It is a popular destination for shoppers looking for tax-free purchases. There is also no local sales taxes making it even more attractive as a shopping destination. New Hampshire’s tax-free shopping is a day trip away from cities in Massachusetts, Maine, Vermont, and even Rhode Island for those looking for bargains. New Hampshire is also home to numerous “outlet” stores that offer discounted products direct from the manufacturer. If you currently live in a state with a sales tax and are sick of all the “extra” costs added to each purchase, you will immediately see the advantage New Hampshire offers. Without a sales tax, the price of your purchase will be more straightforward. Automobiles, appliances, electronics, and clothing are available at reduced prices. Over time, not having to pay a tax on each purchase will help you to achieve a lower cost of living. New Hampshire also has no state income tax. This means that if you work in New Hampshire, your paycheck will only be subject to federal income taxes, although if you have interest and dividend income from investments, those are subject to a tax. New Hampshire offsets the no-tax situation with its property taxes, which are some of the highest in the country. Depending on your housing situation, living in New Hampshire could still be a good deal if you are looking for an overall lower cost of living. ( 2019-10-30 salary.com )

Healthcare access and affordability and your cost of living

New Hampshire is ranked number 7 out of all states in overall healthcare access and affordability. Healthcare costs make up a significant part of the cost of living. The ability to afford healthcare as well as the ability to access care are key indicators of how much you will be paying for this important resource if you move to another state. Affordability is generally measured by the rates set for insurance coverage in a state, as well as the out-of-pocket expenses that need to be paid by you when receiving the care. If rates or out-of-pocket expenses are high, your cost of living will increase. Access to healthcare is how easy or difficult it may be to receive the care. Access is measured by identifying barriers that might prevent the delivery of care such as the inability to obtain insurance coverage, having to travel long distances to health care centers and lack of sufficient facilities and/or healthcare professionals. The timeliness of care, how fast you can get to see a healthcare provider, is another important measure. ( 2019-10-30 salary.com )



Cost of Living Frequently Asked Questions

What is a Cost of Living index and how is it used?

In the simplest terms, a Cost of Living index is the estimated amount that represents the cost of the basic necessities required for an individual to live. A cost of living or COL estimate may typically include estimates for housing, food, energy, medical care, transportation, taxes, and other necessities. A COL index may be used to measure what the cost difference would be for a person living in a certain location compared to another location. This cost of living comparison helps individuals make decisions about where they would like to live and what they can afford based on the costs in that location. A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary spending for an individual or a family. ( 2019-10-30 salary.com )

What factors are included in estimating your cost of living?

The Salary.com cost of living calculator estimate is based on data related to five general categories: housing, food, healthcare, transportation, and energy. These are the universally recognized core components of any cost of living estimate and represent those expenses that apply to everyone. Obviously, there may be other factors that could contribute to your particular cost of living situation and not everyone has the same spending habits. For example, education and/or childcare costs might not apply to everyone, but for those who have those expenses, they could be significant and should be considered when you evaluate your cost of living comparison. ( 2019-10-30 salary.com )

The Salary.com cost of living calculator is unique in that it also incorporates current salary data for thousands of jobs specific to a chosen home or work location to provide a more refined estimate of the cost of living variations. You can see how your job and your salary will be impacted by a change of location. If you live in one location but work in another, the cost of living calculator will make those adjustments to provide an accurate estimate of the change in COL. The Salary.com cost of living calculator helps you to make cost of living comparisons cost comparisons easily and quickly. ( 2019-10-30 salary.com )


Last Update: 2019-10-30