Being the largest city in the state of New Hampshire, nobody will fault you if you assume that living in this big, bustling city will ultimately drain your finances. Surprisingly, residents of Manchester have been reaping the benefits of being able to live in one of the cheapest places to live in America. In fact, purchasing a home for sale in Manchester NH is like hitting the jackpot in real estate roulette because of the city’s accessibility, affordable housing, low cost of living, and bountiful employment opportunities.
With just over 33 square miles of land area and nearly 2 square miles of inland water area, Manchester is considered the largest city in New Hampshire and the largest city in northern New England. Located deep in the heart of Southern New Hampshire, Manchester is less than 20 miles away from both Concord (state capital) and Nashua (second largest city in the state), and just over 50 miles away from Boston.
Despite being densely populated with 110,139 residents, as per the 2015 US Census, the average commute time is only 15 minutes. Though a majority of commuters choose to drive their own cars or join a carpool to get around the city, those who opt to take public transportation still find the commute time manageable.
Affordability and Low Cost of Living
Once dubbed as the cheapest city to live in the country, Manchester’s quality of life should not be misconstrued as lacking for its residents. It’s actually quite the opposite. Homeowners, business owners and startup entrepreneurs know the beauty of locating in a city that pays no sales or income tax. This leads to an estimated median household income of $54,282.
Furthermore, compared to other cities, living in Manchester is relatively affordable. Though the price of commodities is basically the same as with other cities, the reasonably priced housing makes all the difference.
High Employment Opportunities
The city’s affordability paves the way for employers and large businesses to choose Manchester, NH as their home base. Companies from all types of industries have happily thrived in this city, but the healthcare industry proves to be the biggest winner, closely followed by the food and the accommodation industry, then construction and educational services.
It should be no wonder that its unemployment rate is only at 3.3%, a number that is significantly lower than the national average at 5.2%.
You don’t need to flee the city just to stay financially stable. Living in Manchester, NH proves you can live the big city life with all its practicalities without draining your life savings in the process.
Hire an exclusive buyer’s agent to make it easy to find the home you want in Manchester. Give us a call at Buyer’s Option Realty Services for a no-obligation consultation if you’re thinking about buying Manchester, NH real estate.603-881-3800.