The State of New Hampshire Income Charts

This section shows the New Hampshire economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, New Hampshire depicts it has a Median earnings of $59,287 which is the third most of all other states in the local area. The state with the highest median earnings per worker in the group is Massachusetts which indicates a median earnings of $69,105 (16.6% larger).

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $83,449 which is the third most median income of all other states in the greater New Hampshire region. The state with the highest median household income in the group is Massachusetts which shows a median income of $89,026 (6.7% larger).

The next section examines a variety of different income statistics for the New Hampshire metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 4.9% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 38.5 which is the highest of all states in the greater New Hampshire region. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $29.61 which is the third most of all other states in the local area. The state with the highest average hourly earnings in the group is Massachusetts which depicts an average hourly earnings of $34.97 (18.1% larger).

Figure 7 examines the number of self employed people in the New Hampshire metro area based on the number of people who reported any self employment income. New Hampshire shows it has a Self Employed of 12.3% which is the third most people self employed of all other states in the greater New Hampshire region. The state with the highest percentage of people self employed in the group is Vermont which shows a percentage self employed of 15.5% (25.7% larger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $92,836 of the total and is ranked #2. The only larger state being Massachusetts with $101,601. Second, it has one of the largest proportions of median income-25 to 44 years at $101,817 of the total and is ranked #3. Only #2 Connecticut ($104,155), and #1 Massachusetts ($109,641) are larger. Third, it has one of the largest proportions of median income-45 to 64 years at $56,845 of the total and is ranked #2. The only larger state being Connecticut with $60,256.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 23.9% which is the second most of all the states in the metropolitan area. The state with the highest households with retirement income in the group is Maine which depicts a households with retirement income of 24.1% ( only slightly larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and it has one of the largest proportions of overall family income at $105,024 of the total and is ranked #3. Only #2 Connecticut ($116,690), and #1 Massachusetts ($121,093) are larger. Second, it has one of the largest proportions of white family income at $69,662 of the total and is ranked #2. The only larger state being Massachusetts with $73,295. Third, it has the largest proportion of black family income at $93,750 of the total and is ranked #1. Also, it has in the mid range of other states in the local area in order of american indian family income at $103,638 of the total. In addition, it has one of the largest proportions of hawaiian family income at $73,115 of the total and is ranked #3. Only #2 Maine ($75,938), and #1 Vermont ($77,243) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. New Hampshire shows it has the hightest cost of 125.0 for the cost of miscellaneous items classification.

The State of New Hampshire Labor Force Charts

The next two charts look at monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate shows that from January 2017 to before the Coronavirus Pandemic it went from 3.3% to 3.4% in March 2020. This represents an increase in the monthly unemployment rate of 3.0%. Since that time, the monthly unemployment rate has gone to 2.2%. This represents a decrease in the monthly unemployment rate of 35.3%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. The monthly labor force participation depicts that from January 2017 to before the Coronavirus Pandemic it went from 750,108 to 773,447 in November 2019. This represents an increase in the monthly labor force participation of 3.1%. Since that time, the monthly labor force participation has gone to 758,628. This represents a decrease in the monthly labor force participation of very little.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows New Hampshire shows it has a Unemployment Rate of 2.5% which is the second smallest in terms of unemployment rate of all the other states in the greater region. The state with the highest unemployment rate in the group is Connecticut which depicts a rate of 4.0% (57.4% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. the state of shows it has a Labor Force Participation of 67.2% which is is the uppermost of the states in the area.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). New Hampshire has the smallest proportion of employed at 2.5% of the total. Second, it has the smallest proportion of unemployed at 32.8% of the total.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. New Hampshire shows full time employees approximately 3.3 times bigger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater New Hampshire area. New Hampshire depicts it has a Single Earner Families of 25.0% which is the third most families with a single earner of all other states in the greater New Hampshire region. The state with the highest families with a single earner in the group is Connecticut which depicts a single earners rate of 26.5% (only about 5.8% larger). The percentage of families with no one working is depicted in Figure 22. New Hampshire depicts it has a Families with No One Working of 15.6% which is the third most families with no one working of all other states in the greater New Hampshire region. The state with the highest families with no one working in the group is Maine which depicts a families with no worker of 18.9% (21.2% larger).

The State of New Hampshire Poverty Charts

The next section details economy analysis about poverty for residents of the New Hampshire community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. New Hampshire shows it has a Total In Poverty of 98,429 which is less than most other states in the metro area. The state with the highest total people earning less than the poverty level in the group is Massachusetts which shows a total people earning less than the poverty level of 668,780 ( substantially bigger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. New Hampshire depicts it has a Percent of Population In Poverty of 7.4% which is the second smallest in order of percent of people earning less than the poverty level of all the other states in the greater region. The state with the highest percent of people earning less than the poverty level in the group is Rhode Island which depicts a percent of people in poverty of 11.3% (52.2% larger).

The next chart, Figure 26, shows the percentage of people in poverty by racial group. New Hampshire has the smallest proportion of white poverty rate at 17% of the total. Second, it has the smallest proportion of black poverty rate at 7% of the total. Third, it has less than most other states in the local area in order of asian poverty rate at 9% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. New Hampshire has the smallest proportion of less than highschool in poverty at 9% of the total. Second, it has the smallest proportion of highschool graduate and in poverty at 6% of the total. Third, it has the smallest proportion of has some college and in poverty at 3% of the total. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. New Hampshire has the smallest proportion of people who are in poverty and employed at 3.2% of the total. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) the state of depicts it has a Public Assistance Percent of 7.3% which is the second smallest when ranked by households with public assistance of all the other states in the metropolitan area. The state with the highest households with public assistance in the group is Rhode Island which indicates a households with public assistance of 16.0% (approximately 2.2 times bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). the state of depicts it has a Gini Index of 44.1% which is the second smallest in order of the gini index of all the other states in the metro area.

The State of New Hampshire Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the New Hampshire community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes to work (including the percent of people who work from home.) New Hampshire has the smallest proportion of people who take public transportation to work at 3% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown New Hampshire or elsewhere.) New Hampshire has the smallest proportion of people who bike at 0% of the total. Second, it has the smallest proportion of people who walked at 2% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. New Hampshire has the smallest proportion of people who leave for work between 10am to 11am at 1% of the total.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. New Hampshire has the largest proportion of people with commute time between 20 to 24 minutes at 7% of the total and is ranked #1. Second, it has the largest proportion of people with commute time between 30 to 34 minutes at 4% of the total and is ranked #1.

The average commute time is shown in Figure 37. the state of shows it has a Avg Commute Time of 27 which is the second most average commute time of all the states in the greater New Hampshire region. Figure 38 shows the difference between male versus female commuting time. New Hampshire indicates average commute time in minutes for men 31.2% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and New Hampshire has the smallest proportion of no vehicle available at 16% of the total. Second, it has the largest proportion of 2 vehicles available at 24% of the total and is ranked #1. Third, it has the largest proportion of 3 vehicles available at 10% of the total and is ranked #1. Also, it has the largest proportion of 4 vehicles available at 5% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) the state of shows it has a Work in city or place where live of 41% which is the second most people who both work and live in the same city of all the states in the greater New Hampshire region. The state with the highest people who both work and live in the same city in the group is Maine which depicts a people who both work and live in the same city of 43% (only about 5.1% larger).

The State of New Hampshire Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. the state of shows it has the hightest median earnings of $103,290 for the earnings-healthcare practitioners and tech occupations aggregate. Similarly, Figure 47 shows the median earnings of women for the job categories and the state of depicts it has the hightest median earnings of $79,085 for the earnings-computer, engineering, and science occupations grouping. The table in Figure 48, shows New Hampshire employment data in terms of job categories and salary data.

The State of New Hampshire Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. the state of depicts it has the hightest entrepreneurs of 51% for the self employed management, business, science, and arts businesses group.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. the state of depicts it has the hightest entrepreneurs of 23% for the self employed in professional, scientific, management, administrative services grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. the state of shows it has a Self Employment Income of $43,267 which is in the mid point range of other states in the metro area. The state with the highest average annual self employment income in the group is Connecticut which shows an average annual self employment income of $52,356 (21.0% larger).

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) New Hampshire depicts total number of self-employed men about twice as large as the total number of self-employed women.