Overview
- The New Hampshire Fiscal Policy Institute says a typical family of four earning about $100,000 now falls roughly $2,000 short of covering basic needs.
- Compared with 2015, a typical family has about $17,000 less annual surplus, reflecting essentials that have outpaced wage growth.
- Mortgage payments for a median-priced home have more than doubled since 2015, and buyers would need about $157,500 in income to avoid being cost-burdened.
- Child care for two young children costs about $30,000 per year and could total nearly $300,000 through age 18, while health plan deductibles are up 323% since 2005.
- A separate New Hampshire Housing report finds a family needs $182,000 to afford a median single-family home, a threshold met by only 15% of households as lawmakers and advocates push for action.