Income needed to buy a home
Merrimack County, NH
$182,485
a year in household income to buy the typical Merrimack County home with 10% down.
The monthly math
Typical home value$494,648
Down payment (10%)$49,465
Loan$445,183
Principal and interest (7.40%)$3,082/mo
Property tax (1.8% a year)$743/mo
Homeowners insurance (estimate)$247/mo
Mortgage insurance$185/mo
Total monthly cost$4,258/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Far off
The typical household here earns $97,004 a year, 53% of what it takes.
In New Hampshire
Merrimack County ranks #7 of 10 for the income a home takes, from least to most.
Easiest to afford in New Hampshire
| County | Typical home | Income needed |
|---|---|---|
| Coos County | $255,951 | $92,962 |
| Sullivan County | $389,393 | $143,181 |
| Cheshire County | $394,287 | $146,459 |
| Grafton County | $434,232 | $155,854 |
| Carroll County | $507,168 | $170,258 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.