"Real liberty is neither found in despotism or the extremes of democracy, but in moderate governments.
Alexander Hamilton

Sunday, April 12, 2015

Best Cities for Young Famiies in New Hampshire?

( I think the authors missed one very important metric in this study: tax rate. 2014 rates per the NH DRAfor the top five ranked cities: 

Henniker:        $30.68
Plymouth        $23.98
Exeter:            $26.06
Littleton          $22.20
Londonderry: $21.09
Moultonboro   $8.86
If you compare the property tax on a home in the median home value for Henniker, the number one city of $260,400, it is a whopping $7,989 whereas a home in Moultonboro at the same price would be taxed at $2,307, a difference of $5,682. Divide that by 12 which is how most people with mortgages would pay their property taxes and that is an additional $473 per month. So to Nerdwallet and to paraphrase James Carville " it's the tax rate, stupid."

Nerdwallet.Com crunched the data for 25 places in New Hampshire — cities, towns and census-designated places. Only places with over 2,000 residents were analyzed

RankLocationGreatSchools rankMedian home value1999-2013 family income growth2013 median family incomePercent of families with at least 1 child under 18Young families score
1Henniker6$260,400171.97%$108,78840.5%72.11
2Plymouth8$229,600182.46%$102,82122.1%69.34
3Exeter9$235,700105.09%$90,81322.3%63.38
4Littleton6$161,10090.09%$62,10914.4%59.78
5Londonderry6$263,00048.25%$101,85829.5%58.74
6Durham7$295,400258.90%$107,81316.0%56.64
7Jaffrey7$160,000104.15%$73,25012.2%56.33
8Hooksett7$200,00039.78%$71,88016.5%54.92
9Concord6$218,30075.05%$74,30216.2%53.85
10Portsmouth8$327,90097.81%$89,40016.9%53.62
11Derry6$200,90057.89%$78,61718.8%53.61
12Newmarket8$228,70051.01%$61,25013.1%53.17
13Keene6$190,60094.57%$72,05513.4%53.11
14Hudson5$233,10060.28%$79,74618.2%51.55
15Lebanon7$235,40056.29%$65,92915.4%50.79
16Raymond5$195,90044.43%$71,18411.4%49.74
17Milford7$228,50027.08%$61,90614.8%49.47
18Nashua5$238,50057.03%$81,60719.1%48.87
19Peterborough6$221,30067.09%$75,7149.0%48.49
20Hampton7$327,50052.31%$87,36018.9%48.38
21Dover5$241,60064.00%$71,95018.2%46.74
22Suncook6$199,10047.04%$61,71616.7%46.63
23Wolfeboro7$284,70093.25%$82,81310.9%46.35
24Hanover7$439,500108.42%$129,51716.9%44.07
25North Conway5$232,40053.69%$48,2697.1%38.80

Methodology

All data are from the 2013 U.S. Census Bureau’s American Community Survey. Our methodology focused on four factors:
Home affordability. Home affordability, 30% of the total score, was calculated by averaging index scores for median home value and median selected monthly owner costs. The lower the costs, the higher the score.
Growth and prosperity. Growth and prosperity are 20% of the total score. The two metrics involved were growth in family income from 1999 to 2013, and median family income in 2013. Both were weighted equally and positively.
Family friendliness. To measure if an area is a good place for families, which is 30% of our total score, we looked at the percentage of married couples with at least one child under age 18, and the percentage of families in poverty with at least one child under age 5. The percentage of families with at least one child was 70% of the score, while the percentage of families in poverty was 30% of the score.
Educational quality. Using data from GreatSchools, every place was assigned a ranking from 1 to 10 for the quality of schools. Education is 20% of the total score. 
(Note: Although Moultonboro did not make the top 25 cities, the schools were rated very high by GreatSchools: High School received a 9 out of 10, Junior High 8 out of 10 and the Central School 7 out of 10)

4 comments:

Happy Campers said...

Yes, low taxes, beautiful surroundings and small town feel are what attracted us to Moultonborough. A winning combination, appreciate, celebrate, and work with what the town has to offer.

Anonymous said...

If we can just keep spending reasonable, and avoid unnecessary costly projects, then we can keep an attractive low tax rate. Is anyone out there listening?

Anonymous said...

If we can just keep spending reasonable, and avoid unnecessary costly projects, then we can keep an attractive low tax rate. Is anyone out there listening?

Mt. Rattler said...

I'm listening......