Wednesday, April 14, 2010

Manchester-Nashua, New Hampshire

Manchester-Nashua, New Hampshire is often cited as one of the Cheapest Places to Live in the U.S. New Hampshire boast no state income or sales tax which contributes to it's title as one of the cheapest. Plus it's close to Boston so many people choose to live in Manchester and commute across the Massachusetts border to work.

Like every other part of America this area experienced overbuilding starting in about 2006 which lead to a real estate down turn during the recession. Home prices were still down 7.3% in2009 compared to 2008 and they appear to be continuing tom decline. It's helping to keep living cheap here but even with the recession unemployment rate at 6.7% still remains lower than the national average at 10%.

Nashua is the second largest city in New Hampshire and with the drop in Real Estate prices more families are moving here. Home prices in some popular Nashua neighbourhoods are 20% - 25% less than they were in 2005.

1 comment:

Simple.Gypsy.Journey said...

I grew up around Plymouth,NH area and know that rent in most of the state (and utility bills in the entire state) will kill a person.