salaryRent here is among the highest 10% in the country. Household incomes are higher than in 93% of U.S. cities. A typical house costs about 5.1 years of household income. Commutes are short, about 19 minutes. It is a highly educated city: 89.2% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $127,960 a year. That is $62 an hour at a full-time job.
Is rent cheaper than other New Hampshire cities?
No. Rent here is more expensive than in most of New Hampshire. It is number 26 of 26 cities from cheapest to most expensive.
How much do households earn in Hanover?
Share of households by yearly income. 58.5% of households earn $100,000 or more.
Rent by apartment size in Hanover
| Size | Hanover | U.S. average |
|---|---|---|
| Studio | $1,333 | $1,338 |
| 1 bedroom | $2,035 | $1,324 |
| 2 bedrooms | $2,612 | $1,509 |
| 3 bedrooms | $2,729 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hanover overall?
Everyday prices in New Hampshire overall are 4% above the U.S. average (index 104.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hanover, so the New Hampshire figure is shown.
Taxes and bills in Hanover
Life in Hanover
Is it cheaper to rent or buy in Hanover?
Renting is cheaper right now: about $2,647 a month less.
Owning assumes a typical $842,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $84,260 for the down payment.
Frequently asked questions
What is the average rent in Hanover, NH?
Renting in Hanover costs a median of about $3,199 a month in 2026, including utilities. The New Hampshire median is $1,916.
How much do I need to make to live in Hanover?
To keep rent under 30% of income, you need about $127,960 a year, or $62 an hour at a full-time job.
Is Hanover cheap or expensive?
Hanover is rated OK: rent takes 23.2% of the typical household income of $165,314. It ranks 26th cheapest of 26 New Hampshire cities we track.
How much are property taxes in Hanover?
The median homeowner in Hanover pays $10,000+ a year in property taxes, about 1.19% of the median home value.
Is Hanover more expensive than the national average?
Overall prices in New Hampshire are 4% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Hanover?
The median home value in Hanover is $842,600, about 5.1 times the typical yearly household income.
8,479 people live in Hanover. Numbers are typical (middle) values.