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Average Salary in New Hampshire 2020

How much money does a person working in New Hampshire make?


Average Yearly Salary
94,200 USD
( 7,850 USD monthly)

LOW
23,800
USD
AVERAGE
94,200
USD
HIGH
420,000
USD

A person working in New Hampshire typically earns around 94,200 USD per year. Salaries range from 23,800 USD (lowest average) to 420,000 USD (highest average, actual maximum salary is higher).

This is the average yearly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in New Hampshire

Median and salary distribution yearly New Hampshire
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in New Hampshire range from 23,800 USD per year (minimum salary) to 420,000 USD per year (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 96,100 USD per year, which means that half (50%) of the population are earning less than 96,100 USD while the other half are earning more than 96,100 USD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 53,900 USD while 75% of them are earning more than 53,900 USD. Also from the diagram, 75% of the population are earning less than 263,000 USD while 25% are earning more than 263,000 USD.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in United States costs anywhere from 39,500 US Dollar(s) to 118,000 US Dollar(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.



Salary Comparison By Gender

Salary comparison by gender yearly United States
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in United States earn 7% more than their female counterparts on avergae across all sectors.

Female
91,600 USD
Male+7%
98,100 USD
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in United States

How much are annual salary increments in United States? How often do employees get salary raises?

United States

Employees in United States are likely to observe a salary increase of approximately 8% every 16 months.

Annual Salary Increment Rate United States
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in United States is 6%.

Annual Increment Rate By Industry 2019

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Listed above are the average annual increase rates for each industry in United States for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
Mid-Career
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in United States

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United States
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47% of surveyed staff in United States reported that they haven't received any bonuses or incentives in the previous year while 53% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
53%
No Bonus
47%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Government vs Private Sector Salary Comparison

Public vs private sector salaries yearly United States
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Where can you get paid more, working for a private company or for the government? Public sector employees in United States earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
92,500 USD
Public Sector+5%
97,200 USD
Percentage increase and decrease are relative to the previous value

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant59,000 USD
Accounting Assistant46,000 USD
Accounting Manager140,000 USD
Bookkeeper40,600 USD
Chartered Accountant76,700 USD
Corporate Treasurer125,000 USD
Financial Analyst114,000 USD
Financial Manager181,000 USD
Internal Auditor83,200 USD

Administration / Reception / Secretarial
Administrative Assistant46,800 USD
Office Manager81,200 USD
Receptionist32,100 USD
Secretary41,400 USD

Advertising / Grapic Design / Events
Art Director86,800 USD
Creative Director84,300 USD
Graphic Designer58,200 USD
Photographer50,800 USD

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer114,000 USD
Air Traffic Controller97,600 USD
Flight Attendant58,500 USD
Pilot159,000 USD

Architecture
Architect108,000 USD
CAD Drafter45,100 USD

Automotive
Mechanic33,900 USD
Service Advisor62,000 USD

Banking
Bank Branch Manager155,000 USD
Teller35,000 USD

Bilingual
Teacher65,200 USD
Translator76,700 USD

Business Planning
Business Analyst114,000 USD
Business Development Manager134,000 USD
Project Manager105,000 USD

Care Giving and Child Care
Nanny35,600 USD
Nursery Teacher34,900 USD

Construction / Building / Installation
Civil Engineer83,800 USD
Construction Project Manager146,000 USD
Health and Safety Officer39,800 USD

Customer Service and Call Center
Call Center Representative33,500 USD
Customer Service Manager116,000 USD
Customer Service Representative32,200 USD

Engineering
Electrical Engineer88,300 USD
Engineer84,200 USD
Mechanical Engineer88,300 USD

Executive and Management
Chief Executive Officer204,000 USD
Chief Financial Officer190,000 USD
General Manager151,000 USD

Food / Hospitality / Tourism / Catering
Chef55,000 USD
Executive Chef63,100 USD
Hotel Manager166,000 USD
Travel Agent55,500 USD
Waiter / Waitress27,600 USD

Health and Medical
Dentist202,000 USD
Dietitian170,000 USD
Laboratory Technician70,000 USD
Nurse68,900 USD

Human Resources
Human Resources Manager140,000 USD
Human Resources Officer55,200 USD

Information Technology
Computer Technician64,900 USD
Database Administrator88,000 USD
Developer / Programmer88,600 USD
Information Technology Manager150,000 USD
Network Engineer74,700 USD

Law Enforcement / Security / Fire
Police Officer55,400 USD

Legal
Attorney174,000 USD
Legal Assistant46,600 USD

Media / Broadcasting / Arts / Entertainment
Journalist95,800 USD

Pharmaceutical and Biotechnology
Biomedical Engineer77,600 USD
Pharmacist111,000 USD

Sales Retail and Wholesale
Cashier32,600 USD
Sales Manager147,000 USD
Sales Representative55,100 USD

Teaching / Education
Elementary School Teacher61,500 USD
Secondary School Teacher70,900 USD

Average Hourly Wage in New Hampshire


45 USD per hour

The average hourly wage (pay per hour) in New Hampshire is 45 USD. This means that the average person in New Hampshire earns approximately 45 USD for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

New Hampshire VS United States

Salary Comparison Between New Hampshire and United States yearly
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We compared salaries in New Hampshire and United States and we found that New Hampshire salaries are 1% less than those of United States.
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