#1
NH’s rank for financial literacy in the U.S. The state also ranks seventh lowest nationally for its recent credit card delinquency rate (5.74%) and the change in delinquency rate from Q4 2021 to Q4 2022 (-12.50%). We frugal Yankees know how to handle our money.
Sources: The Penny Hoarder (financial literacy) and Forbes Advisor (credit cards)
$90 million
The investment NH is making in rural broadband connectivity to connect over 50,000 homes and businesses to high-speed internet using federal funds through the American Rescue Plan Act’s Coronavirus Capital Projects Fund.
Source: NH Dept. of Business and Economic Affairs
#4
At least something is affordable. NH ranks among the top five cheapest states to own and maintain a car. The average annual cost of full coverage car insurance in NH is $1,411.
Source: Forbes Advisor
3
While a record number of small businesses have been opening since the pandemic, NH ranks among the worst to start a small business (only ahead of Hawaii and Maine) due to low business funding and venture capital availability, limited local incentive programs, high tax rates, and high cost of living.
Source: Lendio study using the most recent data from the Bureau of Labor Statistics, Census Bureau, and Small Business Administration from 2016-2023.
Did You Know?
While NH is among the best states to retire (#5 nationally), it isn’t the cheapest. It also ranks 13th among the most expensive states to retire.
Sources: Scholaroo (best survey) and Seniorly.com (most expensive survey)