Hampshire’s overall employment.
The sectors on the left side of the
graph represent Nashua’s strength,
and are the sections of the
economy representing jobs of the
information economy. This does
suggest that Nashua should look to
better integrate with its neighbors
to the north and south, to better
grow these sectors in the coming
Decades.
Employment and
Wages
Total wages in Nashua for 2019
equaled over $2.95b. The city’s
average wage is $62,906. Four
industry sectors including
information, wholesale trade,
professional and technical
services, and manufacturing
have average annual wages over
$100,000. Manufacturing, which is
the only large employment sector
also carrying among the highest
wages in the city, is over $102,000,
up 14% from 2010. As noted
earlier, manufacturing represents
15% of the employment base but
because of the high wage levels it
represents 25% of the city’s total
wage base. Manufacturing wages in
Nashua are also 46% higher than
the national average wage. This
is an indicator of the high value
manufacturing that takes place
in Nashua. By comparison retail,
which is the largest employment
sector in the city, represents 21%
of the job base but only 12% of the
wage base.
What Can Different Jobs/Earnings Afford in Nashua?
Lowest paying jobs in nashua cannot afford rent or home
purchase at nashua’s median prices. With a median gross
rent of $1,287/month and a median home value of $278,400,
31% of employees in Nashua’s top ten largest employment
sectors can’t afford units at those prices. These industry
sectors are also projected to add employees through the year
2029.
2020
Earnings
Manufacturing Prof/Tech/Science
$425,000 Home __ ad $403,000 Home
See. Ole) i CS pLemereley $3,037 Rent
Government Health Care
$253,000 Home __ eho a $242,000 Home
$1,913 Rent $90,000 $1,829 Rent
Construction Bee f Education Services
$238,000 Home ee $201,000 Home
$1,792 Rent me
$1,522 Rent
Admin and Support ~~ Retail
Services | RVUREMOOLO ME nnn $138,000 Home
$198,000 Home $1,039 Rent
$1,491 Rent $30,000
Accommodation
and Food Service
Other Services
$119,000 Home
$900 Rent
$15,000
$628 Rent
Future Employment and Affordability
imishoeity7 2029 Jobs Captured Jobs Average
Sector Earning
Health Care and
Social Assistance hee 508 $73,141
Educational
Services ai 125 $60,866
Accommodation and
Food Service 213 65 $25,100
Other Services 179 54 $59,651
Admin and Support
Services 120 36 $35,978
Arts and
Entertainment 46 14 $24,732
Construction 15
$71,689
Source: EMSI 2020, HUD, RKG Associates
