Nashua, New Hampshire Income Statistics
Nashua Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
B
Nashua Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Nashua | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Household Income | $96,561 | $99,079 | $80,455 |
| Median Personal Income | $69,706 | $68,664 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.7% | 4.8% |
| Six-Figure Earners | 17.3% | 16.8% | 13.9% |
| $200k+ Households | 16.3% | 16.8% | 13.2% |
The median household income in Nashua is about 3% lower than in New Hampshire. Income has been growing slower in Nashua (4.4%/yr) than in New Hampshire (4.7%/yr).
About 17% of adults in Nashua earn six figures ($100,000 or more) a year, about the same as the New Hampshire average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Nashua, New Hampshire grew by 48.5% from 2009 to 2024, reaching $96,561 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Nashua
| Metric | Nashua | New Hampshire Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.499 | 0.508 | 0.552 |
| Male Median Income | $83,138 | $81,033 | $69,667 |
| Female Median Income | $64,630 | $62,970 | $56,850 |
| Gender Pay Gap | 22.3% | 22.3% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Nashua, it is 0.499, lower than New Hampshire's 0.508, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 29% more than women's income in Nashua, New Hampshire. Over a 35-year career, a 29% wage gap accumulates to roughly $647,780 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Nashua, New Hampshire has narrowed from about 29% to 22% in 2024. Over that period the gap was widest at 30% in 2010, and was narrowest at 21% in 2022. In dollar terms, the gap has widened by $1,772 since 2009.
Employment
| Metric | Nashua | New Hampshire Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 3.3% | 5.2% |
| Working from Home | 17.4% | 16.8% | 15.0% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 2,273 people are unemployed in Nashua, New Hampshire.
The average commute time in Nashua is 21 minutes, shorter than the 22 minutes in New Hampshire.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Nashua, New Hampshire has fallen from 8.2% to 4.2% in 2024. Over that period the rate peaked at 8.8% in 2013.
Conclusion
Considering all these factors, Nashua, New Hampshire has an overall wealth index grade of B, making it about on par with New Hampshire, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Nashua, New Hampshire.
How Rich Is Nashua, New Hampshire?
Nashua has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $96,561, about 3% lower than the New Hampshire average of $99,079.
How has median household income changed in Nashua, New Hampshire?
Between 2009 and 2024, the median household income in Nashua, New Hampshire rose 48%, from $65,033 to $96,561. Over the same years, income here lagged behind New Hampshire as a whole: +48% against +57%.
What was the median household income in Nashua in 2023?
In 2023, the median household income in Nashua, New Hampshire was $92,616, up 5% from $88,235 in 2022. The New Hampshire median that year was $96,073.
What was the median household income in Nashua in 2020?
In 2020, the median household income in Nashua, New Hampshire was $73,467. By 2024 it had risen 31% to $96,561.
What is the Gini coefficient in Nashua, New Hampshire?
The Gini coefficient in Nashua is 0.499. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Nashua, New Hampshire?
Since 2009, the income gap between men and women in Nashua, New Hampshire has narrowed from about 29% to 22% in 2024. Over that period the gap was widest at 30% in 2010, and was narrowest at 21% in 2022. In dollar terms, the gap has widened by $1,772 since 2009.
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