Gorham, NH is a great place to live for those looking for an affordable yet comfortable lifestyle. The two bedroom rent in Gorham is only $950 which is significantly lower than most parts of the United States, where it averages around $1,430. Not only does Gorham boast a low rent cost but also a Grocery Cost Index that is 105 versus 100 in the US. This makes groceries more than 5% cheaper to purchase in Gorham than other areas of the country. There are plenty of local businesses such as Black Mountain Ski Area, White Valley Rentals, and Chutters Candy & Gifts that offer unique services and products to locals and visitors alike. With its low rent costs, warm community atmosphere, and convenient amenities, Gorham is an excellent place to live with a reasonable cost of living.
Gorham has an unemployment rate of 4.2%. The US average is 6.0%.
Gorham has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Gorham
- The Sales Tax Rate for Gorham is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Gorham 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 Gorham
- The average income of a Gorham resident is $39,217 a year. The US average is $37,638 a year.
- The Median household income of a Gorham resident is $54,325 a year. The US average is $69,021 a year.