Should I move here for no state income tax?
Question & Answer about New Hampshire
Updated April 27, 2026
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New Hampshire State Facts
State Flag
New Hampshire
Capital
Concord
State Bird
Purple Finch
Statehood
June 21, 1788
State Flower
Purple Lilac
Population
1.4 million (2020)
Answer
New Hampshire is an attractive option for individuals seeking to minimize state income tax because it does not impose a broad state income tax on wages or salaries. However, it does tax interest and dividends at a rate of 5% as of April 2026, which is important to consider if you have significant investment income. This tax structure can be beneficial for workers and retirees who rely primarily on earned income rather than investment returns.
While the lack of broad income tax is appealing, it is important to consider other tax factors in New Hampshire, such as property taxes, which are among the highest in the nation, and the absence of a general sales tax, which can affect cost of living. The state's economy, centered around technology, manufacturing, and tourism, combined with its scenic landscapes and proximity to Boston, make it a desirable place to live despite the tax nuances. Overall, moving to New Hampshire for no state income tax on wages can be advantageous, but weigh this against other financial and lifestyle considerations.
Key Points:
- New Hampshire does not tax wages but taxes interest and dividends at 5%.
- Property taxes are high, impacting overall cost of living significantly.
- No general sales tax, but other taxes contribute to state revenue.
Consider all tax aspects before deciding to move to New Hampshire.
While the lack of broad income tax is appealing, it is important to consider other tax factors in New Hampshire, such as property taxes, which are among the highest in the nation, and the absence of a general sales tax, which can affect cost of living. The state's economy, centered around technology, manufacturing, and tourism, combined with its scenic landscapes and proximity to Boston, make it a desirable place to live despite the tax nuances. Overall, moving to New Hampshire for no state income tax on wages can be advantageous, but weigh this against other financial and lifestyle considerations.
Key Points:
- New Hampshire does not tax wages but taxes interest and dividends at 5%.
- Property taxes are high, impacting overall cost of living significantly.
- No general sales tax, but other taxes contribute to state revenue.
Consider all tax aspects before deciding to move to New Hampshire.
