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New Hampshire generally has been on the trend of seeing an aging population which is happening in a lot of the north east of both the US and Canada. In New Hampshire Manchester doesn’t seem to have the best reputation but do you think Covid and any lasting work from home impacts will create a resurgence/ gentrification there? I wonder if more people will leave Boston area for cheaper cities and if one of those will be Manchester. What do you all think? Some younger people inherently want to be in cities because of the social environment they offer. New Hampshire needs a younger population in the long term.
Yes, NH will continue to gain people from other states, even faster than it was before the civil unrest and plandemic. People from dense metro areas like NYC consider places like Manchester a small town or city, so it will grow as well. I also work in Nashville, which I consider a city, but tons of people are moving there from NYC and Chicago because they consider it a small town.
Regarding NH and the aging population: We have already seen that trend slightly reverse. See this article from a few years ago.
I think NH will see a gain of people, Manchester tho? Why would someone move from a nice city to a crappy city? if they are fleeing to get away from people and germs I would think they would be looking for the suburbs or a rural location not manch..
For years I've been predicting that it will continue to get harder and harder for more and more Americans to make it. As this happens, Americans in search of help and financial opportunity will continue the migration trend of leaving high-tax and high-regulation states, for low-tax and low-regulation states. NH ranks the 5th lowest in regards to taxes, so workers will continue to migrate here.
I think NH will see a gain of people, Manchester tho? Why would someone move from a nice city to a crappy city? if they are fleeing to get away from people and germs I would think they would be looking for the suburbs or a rural location not manch..
As out-of-staters continue to move to NH, it drives up real estate values and could force people already in NH to move to places like Manchester, because they can't afford to rent or buy in the nicer cities and towns in NH.
As out-of-staters continue to move to NH, it drives up real estate values and could force people already in NH to move to places like Manchester, because they can't afford to rent or buy in the nicer cities and towns in NH.
If young out-of-staters continue to move to NH, they are also going to drive up our property tax rates if they all plan on having children and using the public schools. The Free Stater Project group promotes home schooling, so as keep taxes down by not using local government resources.
I would be really happy if New Hampshire were to appeal more to the empty nesters and newly retired people.
NH ranks the 5th lowest in regards to taxes, so workers will continue to migrate here.
The difference between NH's position (45th) and NY in 1st, is 5.43%. The difference between NH's position and IA in 10th, is 2.68%.
The difference in tax burden for the vast, vast majority of people is far less significant than differences in cost of living or average salaries/job opportunities between metro areas. That's basically one decent raise.
And if you live in NH and work in MA/VT/ME, as a good ~15% of the workforce does, you get to pay their income taxes anyway.
The difference between NH's position (45th) and NY in 1st, is 5.43%. The difference between NH's position and IA in 10th, is 2.68%.
The difference in tax burden for the vast, vast majority of people is far less significant than differences in cost of living or average salaries/job opportunities between metro areas. That's basically one decent raise.
And if you live in NH and work in MA/VT/ME, as a good ~15% of the workforce does, you get to pay their income taxes anyway.
In 2017, almost 20% of the workforce (123K) went to MA for work.
I’d be curious to see the total income gain from those that do commute and pay MA income tax. I wonder if it is actually worth it for a lot of them. And I don’t mean just $1 or $2 net an hour. To me that wouldn’t be worth it.
For those who are interested, here is a link to commuting patterns of workers in NH. 571k workers live and work in NH, 65k come to NH from other states, and 106k leave NH to work in other states.
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