How Long Would It Take You to Become a Millionaire in New Hampshire?

Everyone daydreams about what they would do if they stumbled upon a million dollars.

Would you travel the world? Buy that dream car or vacation home? Put it all in the bank to put the kids through college? Donate to charities? The possibilities are endless.

Sadly, being a millionaire is not in the cards for most of us. But how long would it take for someone to become a millionaire in New Hampshire?

The website GoBankingRates decided to find out, calculating their findings for all 50 states...

... by looking at household income, by taking cost of living into account and by considering cost of living and investments. This roundup is focused on the third calculation, which assumes you earn the state’s median income, spend the average per capita for personal consumption and invest what’s left over.

Obviously, the amount of time it takes to save one million dollars in each state is also influenced by cost of living expenses, which vary depending on where you live. Unfortunately, New Hampshire is one of the more expensive states to live in, so it's going to take you a bit longer to save seven figures. 43 years, to be exact.

That's right, you can expect to become a millionaire after 43 years of living in New Hampshire, which is longer than one might expect. GoBankingRates cites the state's high cost of living and $76,768 median income (as of 2021) as the reasons behind this, and we think that makes total sense.