According to recent data, Ashland has been identified as the poorest town in New Hampshire. This determination is based on several key economic indicators:
Economic Statistics
- Median Household Income: The typical household in Ashland earns just $33,365 annually, which is 60.0% less than the statewide median household income of $83,449.
- Poverty Rate: Ashland has a poverty rate of 31.7%, significantly higher than New Hampshire’s overall poverty rate of 7.4%.
Statewide Context
New Hampshire generally has a strong economic profile compared to many other states:
- The state’s median household income of $83,449 is higher than the national average.
- New Hampshire has one of the lowest poverty rates in the country at 7.4%.
However, Ashland’s economic situation stands in stark contrast to these statewide figures, highlighting the economic disparities that exist within the state.
Factors Contributing to Economic Challenges
While the search results don’t provide specific reasons for Ashland’s economic struggles, some factors that often contribute to a town being designated as “poorest” include:
- Limited job opportunities
- Decline in traditional industries
- Aging population
- Lower educational attainment rates
It’s important to note that while Ashland faces significant economic challenges, it is one of 57 towns in New Hampshire considered in this analysis.
The designation of “poorest” is based on available economic data and does not necessarily reflect the full complexity of life in the town or the experiences of all its residents.
Source
- https://www.youtube.com/watch?v=a_Ih_-NfXkY
- https://nhfpi.org/topic/income-poverty/
- https://finance.yahoo.com/news/poorest-big-city-every-state-150049894.html
- https://247wallst.com/city/this-is-the-poorest-town-in-new-hampshire/
- https://www.usnews.com/news/best-states/new-hampshire