Cost of living in Derry research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Derry is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Hampshire, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Derry is 109, with 100 being the average.
The cost of living index in Derry is 1.1x higher than the national average.
Derry ranks as the #10 cheapest in New Hampshire out of 25.
Derry ranks as the #4,038 cheapest out of 6,412 in the US.
The median home value in Derry is $272,200.
The median income in Derry is $73,968.
According to the most recent data on the cost of living, Derry has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to New Hampshire, Derry has a cost of living index that's 1.0x lower than New Hampshire's index of 114.
The standard of living in Derry ranks as #10 most affordable out of the 25 places we measured in New Hampshire. By definition, that implies Derry ranks as the #15 most expensive place in the Granite State.
For more reading on life in Derry, check out:
Six factors go into calculating the cost of living index in Derry. Here is how it fairs on each of the criteria:
The Services index in Derry is 113.
The Groceries index in Derry is 100.
The Health index in Derry is 114.
The Housing index in Derry is 114.
The Transportation index in Derry is 96.
The Utilities index in Derry is 110.
Living Expense | Derry | New Hampshire | National Average | |
---|---|---|---|---|
Overall | 109 | 114 | 100 | |
Services | 113 | 123 | 100 | |
Groceries | 100 | 102 | 100 | |
Health | 114 | 124 | 100 | |
Housing | 114 | 108 | 100 | |
Transportation | 96 | 110 | 100 | |
Utilities | 110 | 122 | 100 |
Housing swings affordability the most between places in New Hampshire, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Derry is $272,200.
The Median Rent in Derry is $1,267.
The Median Income in Derry is $73,968.
The Home Value To Income in Derry is 3.7x.
The Rent To Monthly Income in Derry is 0.21x.
Statistic | Derry | New Hampshire | United States |
---|---|---|---|
Median Home Value | $272,200 | $288,700 | $244,900 |
Median Rent | $1,267 | $1,212 | $1,163 |
Median Income | $73,968 | $83,449 | $69,021 |
Home Value To Income | 3.7x | 3.5x | 3.5x |
Rent To Monthly Income | 0.21x | 0.17x | 0.2x |
Item | Derry | New Hampshire |
---|---|---|
Shampoo | $0.98 | $1.06 |
Movie | $8.77 | $10.68 |
Bowling | $19.0 | $14.67 |
Haircut | $25.03 | $18.62 |
Beauty Salon | $41.18 | $39.05 |
Item | Derry | New Hampshire |
---|---|---|
Ground Beef | $3.49 | $4.22 |
Fried Chicken | $1.19 | $1.39 |
Milk | $2.79 | $2.05 |
Potatoes | $3.41 | $3.29 |
Pizza | $11.09 | $10.62 |
Beer | $8.99 | $9.38 |
Toothpaste | $2.64 | $2.34 |
Item | Derry | New Hampshire |
---|---|---|
Optometrist | $101.89 | $108.57 |
Doctor | $152.49 | $116.17 |
Dentist | $121.64 | $99.13 |
Item | Derry | New Hampshire |
---|---|---|
Gasoline | $2.0 | $2.22 |
Tire Balancing | $51.84 | $50.07 |
Item | Derry | New Hampshire |
---|---|---|
All Electricity | $205.73 | $167.67 |
Phone | $179.98 | $175.64 |
The cost of living varies in the cities and towns around Derry. Here's a quick look at the cost of living in the most populous nearby places:
Lowell, MA has a cost of living index of 119, 1.1x Derry.
Manchester, NH has a cost of living index of 108, 1.0x Derry.
Lawrence, MA has a cost of living index of 120, 1.1x Derry.
City | Population | Cost Of Living | Vs. Derry |
---|---|---|---|
Lowell, MA | 114,804 | 119 | 1.1x |
Manchester, NH | 114,730 | 108 | 1.0x |
Lawrence, MA | 87,798 | 120 | 1.1x |
Haverhill, MA | 67,093 | 117 | 1.1x |
Londonderry, NH | 11,955 | 120 | 1.1x |
Exeter, NH | 9,908 | 110 | 1.0x |
Andover, MA | 8,958 | 153 | 1.4x |
Hudson, NH | 6,756 | 111 | 1.0x |
South Hooksett, NH | 5,906 | 111 | 1.0x |