Cost of Living & Housing in Gorham
Gorham's cost of living pairs a comparatively affordable housing market with a genuinely high local property tax rate, set within New Hampshire's real no-income-tax, no-sales-tax structure.
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Learn moreA comparatively affordable median home sale price
Gorham's own median home sale price ran approximately $245,103, though the town's 2024 median assessed value ran lower, at approximately $146,300 -- a real, disclosed gap reflecting New Hampshire assessments lagging a currently appreciating housing market (base record).
A genuinely high 2.83% effective property tax rate
Gorham's own 2.83% effective property tax rate (Ownwell) runs above both the Coos County average and New Hampshire's already-high statewide average (approximately 1.93%), producing a $4,600 median annual tax bill (base record).
New Hampshire's no broad-based income tax and 8.5% Meals & Rooms Tax
New Hampshire has no broad-based tax on wages or salaries and no general sales tax, though it does levy a real, targeted 8.5% Meals & Rooms Tax on restaurant meals and lodging -- a real, structurally relevant tax given Gorham's tourism-anchored economy (base record; see new-hampshire.js).
Coos County's real, documented economic distress
Gorham sits within Coos County, which carries an official 'distressed place-based economy' designation, even as Gorham's own tourism-based economy provides some real distinction from the county's broader pattern (base record).
Key takeaways
- Gorham's median home sale price runs approximately $245,103, comparatively affordable.
- Gorham's own 2.83% effective property tax rate runs above both the Coos County and New Hampshire statewide averages, producing a $4,600 median annual tax bill.
- New Hampshire levies no broad-based income tax and no sales tax, but does levy an 8.5% Meals & Rooms Tax.
- Coos County's official 'distressed place-based economy' designation is a real, disclosed regional cost-of-living headwind -- confirm current local employment data directly.
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