Moving to Nashua, New Hampshire? Residents of Nashua have an easy commute to Boston, as well as a plethora of shops, restaurants, and other amenities right outside their doorsteps. The city is ideal for families and professionals, thanks to its healthy job market, natural beauty, and community feel. You’ll also get to enjoy New Hampshire’s tax perks.
So, why Nashua of all places in the U.S.? Because its zip code of 03062 showed up as number two on Realtor.com’s “Hottest Zip Codes of 2022” (Realtor.com is our partner site). This list of the top 10 hottest zip codes shows where homebuyers find value in the vicinity of high-priced metros. And, in case you’re wondering, our number one is Brighton, NY.
What Is Realtor.com’s Hottest Zip Codes of 2022?
These hot zips offer a considerable bang for your buck with larger-than-average homes at lower-than-average prices. This alone makes moving to cities, like Nashua, NH, worth it for some. According to Wallethub, Nashua is considered one of the safest cities in America. It ranks eighth for home and community safety and is also the third safest, as far as financial security is concerned.
Typically, wherever you decide where to live, you’re looking for a place that fits your personality, life circumstances, preferences, and interests. Factors to consider before moving include the cost of living, real estate markets, things to do in that area, and so much more. These are the criteria we’ve used to look at Nashua, NH and the other cities featured on Realtor.com’s Hottest Zip Codes of 2022.
What Are the Pros of Living in Nashua, NH?
There are many positive aspects of living in Nashua, including its vibrant arts scene, rich culture, and family-friendly feel. Not how big Nausha is or even where it is? It is located in the Manchester-Nashua metro area of Southern New Hampshire. It has a population of 91,124, according to the latest available U.S. Census data (as of July 2021).
Do you think that moving to Nashua, NH is in the cards for you? Then, here is a rundown of what you need to know before moving!
The Cost of Living in Nashua, NH
Nashua’s cost of living is 116 percent, which is 16 percent higher than the national average of 100. This is determined by comparing the cost of living in Nashua to the costs of living in other cities around the United States. If a city’s index score is higher than 100 percent, then the cost of living is above average. When the index score is lower than 100, you’ll find a below-average cost of living.
Nashua’s cost of living is one percent higher than New Hampshire’s average of 115. Its real estate prices are equal to the New Hampshire average. Unfortunately, its rental prices are 13 percent higher than the state average.
Many services, goods, and activities cost between five and 30 percent above the national average, such as paying for utilities or buying groceries. Despite some costs being above the national average, Nashua’s livability score is 78 percent, which is considered exceptional.
The Job Market in Nashua, NH
Although the main industry in Nashua used to be textile, the economy has now shifted to healthcare, high tech, defense, and more. According to the U.S. Bureau of Labor Statistics, the unemployment rate in Nashua is a low 2.4 percent as of this month (compared to the 3.5 percent national rate).
The top five largest employers in the area are BAE Systems North America, Southern New Hampshire Medical Center, Nashua School District, St. Joseph Hospital & Trauma Center, and the local government. Oracle, Teradyne, and Benchmark Electronics also have a presence in Nashua. The industries employing the most local residents include aerospace, healthcare, education, municipal services, electronics, and high-tech manufacturing.
Working from home is also becoming more popular and is almost on par with the national average of 4.6 percent. Since Boston is only 47 miles away, some Nashua residents commute to work in the big city and its surrounding areas. The commute takes about an hour each way.
Salaries in Nashua, NH
According to U.S. Census Bureau data, the average annual salary in Nashua is $58,062, as of this month. This works out to be about $28 an hour. The median household income is $73,785.
This is lower than the median household income in New Hampshire ($77,923) and higher than the national median household income of $67,521 (the U.S. Census Bureau 2020 data).
Buying a Home in Nashua, NH
There are six neighborhoods in Nashua: Northwest Nashua, West Hollis, North End, South End, Downtown Nashua, and Mine Falls Park. Some of the best neighborhoods in or around Nashua to consider buying or renting a home are Northwest Nashua, West Hollis, and North End.
In September 2022, the median listing home price in Nashua, NH was $425,000, trending up 11.9 percent year-over-year. The median listing home price per square foot was $237. The median home sold price was $405,000.
Nashua, NH typically has a balanced market, which means that the supply and demand of homes are about the same. On average, homes in Nashua, NH sell after 50 days on the market.
North End has a median listing price of $432K, making it the most expensive neighborhood. Falls Park is the most affordable neighborhood, with a median listing price of $280K.
Renting a Home in Nashua, NH
There are far fewer rentals than properties for sale in Nashua. Last time we checked, there were 54 apartments and houses for rent, which isn’t a lot for a city this size. Realtor.com lists the average rental price as $1,850 per month. This cost is higher than the national average of $1,708 for a one-bedroom apartment.
The Schools Available in Nashua, NH
Nashua has a fair number of schools to choose from. Nashua has 15 elementary schools, four middle/junior high schools, and three high schools, plus nine private schools. Of those, 25 public schools rated “good and higher” by GreatSchools. The GreatSchools rating is based on a variety of school quality indicators, including test scores, college readiness, and equity data.
Overall, Niche.com rates the Nashua school district as “above average” and commends it for its “diversity and activities” in particular. To find top-rated schools in Nashua, you can use Moving.com’s School Ratings Tool, which features GreatSchools ratings and other helpful information.
Nashua is also home to three educational tech centers and Rivier University, a private, Catholic Liberal Arts University. Nearby Manchester houses Southern New Hampshire University and the University of New Hampshire at Manchester, both an easy commute of 20 miles or about 30 minutes).
The Taxes in Nashua, NH
Nashua enjoys the zero state sales tax of New Hampshire. New Hampshire also does not impose a state income tax on wages and salaries. As for property tax, the average rate in Nashua is 2.17 percent. It is slightly lower than the 2.2 percent property tax rate in New Hampshire. Both are higher than the average property tax rate in the United States, which is 1.16 percent.
Getting Around in Nashua, NH
You will likely need a car to navigate Nashua. It has a low walk score of 39 and is rated a “car-dependent city,” which means that running errands will most likely require a car. The city doesn’t have many walkable neighborhoods, either. The most walkable Nashua neighborhoods are Downtown, Mine Falls Park, and South End. Nashua is also not very bikeable. Since there are not many bike lanes, Nashua’s bike-friendliness has a score of 35.
As for the average, one-way commute, it is 26 minutes in Nashua, which is the national average. Residents of Nashua predominantly drive to work (81 percent). Only 1.5 percent take public transit or walk (2.6 percent), and less than one percent bike to work.
The Weather in Nashua, NH
In Nashua, the summers are warm, the winters are freezing and snowy, and it is partly cloudy year-round. Over the course of the year, the temperature typically varies from 16°F to 84°F and is rarely below 0°F or above 92°F. The best time of year to visit Nashua for warm-weather activities is from mid-June to mid-September. If you decide to live in Nashua, brace yourself for seriously cold winters, though. The coldest month of the year is January, and the temps can get as low as 18°F, with a high of only 35°F.
Things to Do in Nashua, NH
Located on the banks of the Nashua and Merrimack rivers, Nashua offers stunning natural beauty and rich history. One minute, you’re enjoying the wilderness, and the next, you’re dining on farm-to-table cuisine or shopping at the hottest boutiques. Nashua offers a perfect mix of child-friendly entertainment, historic architecture, and picturesque surroundings full of pristine lakes, rivers, forests, mountains, and parks.
All this natural beauty is a big draw for outdoor recreation, such as boating, fishing, swimming, hiking, biking, and wildlife viewing. Popular winter activities include skiing, sledding, snowshoeing, and ice skating.
One of the most popular attractions in Nashua is Mine Falls Park. Although it’s technically located within the city limits, it offers diverse wildlife alongside the Nashua River, a pond, a waterfall, and nature trails. Other popular parks include the picnic-perfect Greeley Park, the scenic Nashua River Rail Trail, and Roby Park, which has an ice-skating rink and a sledding hill.
If you prefer indoor recreation, try indoor skydiving at the popular SkyVenture. You can also explore the city’s rich past, still manifested in its historic downtown. History enthusiasts will enjoy the Federal Revival Abbot-Spalding House, which is now maintained by the Nashua Historical Society.
Into sports? Although Nashua doesn’t have any professional teams, the Holman Stadium is the home of the Nashua Silver Knights, the collegiate baseball team. Founded in 1937, the stadium can seat up to 3,000 people. The Holman hosts regional high school baseball and football games, as well as shows by household-name performers.
As far as shopping goes, Nashua’s tax-free, two-story Pheasant Lane Mall is a sprawling draw for not just the residents of Nashua but also those from nearby towns and Massachusetts. This major shopping and dining destination is home to more than 135 retailers.
Last but not least, Nashua’s arts and culture scenes are robust. The city is home to Symphony New Hampshire, several theaters, and a few other performance venues. Nashua also hosts an annual international sculpture symposium and multiple annual festivals.
Is it expensive to live there?
Not as expensive as many major cities, like New York and Los Angeles, but Nashua’s housing expenses are 24% higher than the national average, and the utility prices are 14% higher than the national average.
Is it a good place to live?
Nashua has a lot to offer, including a historic downtown, a diverse population, and plenty of shopping, dining, and entertainment options. You’ll enjoy beautiful natural surroundings, pleasant summers, zero sales tax, above-average schools, and abundant amenities. If you can swing it financially, it’s a great place to live and raise a family.
How much money do you need to live there comfortably?
The minimum wage in New Hampshire is $7.25, but you’ll need a living wage of $17-$57 for one working adult and $13-$24 for two working adults to live comfortably in Nashua. The range depends on whether you have children and how many children you have. This amounts to a required annual income of $36,000 to $118,000 for one adult and $54,000 to $119,000 for two working adults. Keep in mind: these numbers are before taxes.
Ready to Move?
For more information about moving to Nashua, NH, check out the resources available at Moving.com, such as the City Profile Report feature. Simply enter the zip code or the state and city of your potential move to get a free report with city demographics, real estate information, and quality of life factors. When looking for the best moving company, refer to Moving.com’s extensive network of reputable and reliable movers. Good luck, and happy moving!