Government budget and revenue in New Hampshire, United States: official figures
New Hampshire's state government took in $10.1 billion in fiscal year 2024, $7,194 per resident, 5th lowest of 50 states per person (all states: $9,318 per person). The total includes taxes, federal funds, charges and pension-fund investment income.
How much does the New Hampshire state government spend?
The New Hampshire state government spent $10.7 billion in fiscal year 2024, or $7,601 per resident, 8th lowest of 50 states (all states: $9,444). Spending was 18.1% higher than in fiscal year 2019 ($9.1 billion), before adjusting for inflation.
Source: U.S. Census Bureau · saved copyHow much debt does the New Hampshire state government have?
New Hampshire state government debt outstanding was $7.6 billion at the end of fiscal year 2024, $5,379 per resident, 10th highest of 50 states (all states: $3,248). That equals 81% of one year's general revenue; in fiscal year 2019 the debt was $7.6 billion.
Source: U.S. Census Bureau · saved copyHow much federal funding does New Hampshire get?
The federal government provided $3.3 billion to the New Hampshire state government in fiscal year 2024, $2,310 per resident and 34.6% of its general revenue, 24th lowest share of 50 states (all states: 34.2%).
Source: U.S. Census Bureau · saved copyWhat are federal funds to New Hampshire spent on?
Public welfare programmes, mainly Medicaid, accounted for $1.8 billion or 55% of New Hampshire's federal funds in fiscal year 2024, and education for $290.9 million (9%).
Source: U.S. Census Bureau · saved copyWhat does the New Hampshire state government spend its money on?
Direct state spending on public welfare was $1,939 per resident in fiscal year 2024, 8th lowest of 50 states (all states: $3,000); higher education took $765 per resident and highways $412.
Source: U.S. Census Bureau · saved copyHow much does New Hampshire give to local governments and schools?
23.8% of New Hampshire's state general spending in fiscal year 2024 ($2.4 billion) was paid to other governments, mostly local governments and school districts, 23rd lowest share of 50 states (all states: 27.7%).
Source: U.S. Census Bureau · saved copyHow much tax does New Hampshire collect?
New Hampshire collected $3.4 billion in state taxes in fiscal year 2025, $2,383 per resident, 2nd lowest of 50 states (all states: $4,503). That was 3.6% less than in fiscal year 2024 ($3.5 billion); across all states collections rose 4.3%.
Source: U.S. Census Bureau · saved copyWhat taxes does New Hampshire rely on?
The individual income tax raised $91.2 million (2.7% of state taxes, 9th lowest share of 50 states) in fiscal year 2025. There were no general sales tax collections. The largest single tax was the corporate net income tax (32.9%), followed by the other selective sales taxes (12.6%).
Source: U.S. Census Bureau · saved copyDoes New Hampshire have corporate, property or severance taxes?
In fiscal year 2025, in New Hampshire, corporate net income tax raised $1.1 billion (32.9% of state taxes); state property tax raised $413.6 million; no severance tax on oil, gas, coal and minerals was collected.
Source: U.S. Census Bureau · saved copyHow much money does the New Hampshire state government hold in reserves?
The New Hampshire state government held $13.1 billion in cash and securities at the end of fiscal year 2024, $9,272 per resident, of which $12.3 billion was in insurance trust funds such as public employee pension systems.
Source: U.S. Census Bureau · saved copyHow New Hampshire compares with other states
State government revenue per person (2024)
New Hampshire ranks 46 of 50, highest first. All revenue of the state government, including insurance trust income, divided by 1 July population
| Rank | Region | State government revenue per person |
|---|---|---|
| 43 | Colorado | $7,595 |
| 44 | Missouri | $7,376 |
| 45 | South Dakota | $7,353 |
| 46 | New Hampshire | $7,194 |
| 47 | Tennessee | $6,833 |
| 48 | Texas | $6,646 |
| 49 | Florida | $6,107 |
State government spending per person (2024)
New Hampshire ranks 43 of 50, highest first. Total expenditure of the state government divided by 1 July population
| Rank | Region | State government spending per person |
|---|---|---|
| 40 | Colorado | $8,007 |
| 41 | Montana | $7,942 |
| 42 | South Dakota | $7,895 |
| 43 | New Hampshire | $7,601 |
| 44 | Missouri | $7,584 |
| 45 | Nevada | $7,536 |
| 46 | Idaho | $7,346 |
State government debt per person (2024)
New Hampshire ranks 10 of 50, highest first. Debt outstanding at the end of the fiscal year divided by 1 July population
| Rank | Region | State government debt per person |
|---|---|---|
| 7 | North Dakota | $6,163 |
| 8 | New York | $6,029 |
| 9 | New Jersey | $6,020 |
| 10 | New Hampshire | $5,379 |
| 11 | South Dakota | $5,032 |
| 12 | California | $4,227 |
| 13 | Maryland | $4,147 |
Federal funds received by the state government per person (2024)
New Hampshire ranks 46 of 50, highest first. Intergovernmental revenue from the federal government
| Rank | Region | Federal funds received by the state government per person |
|---|---|---|
| 43 | Virginia | $2,517 |
| 44 | Utah | $2,416 |
| 45 | Kansas | $2,410 |
| 46 | New Hampshire | $2,310 |
| 47 | Georgia | $2,285 |
| 48 | Idaho | $2,252 |
| 49 | Texas | $2,186 |
Federal funds as a share of state general revenue (2024)
New Hampshire ranks 27 of 50, highest first.
| Rank | Region | Federal funds as a share of state general revenue |
|---|---|---|
| 24 | Pennsylvania | 36.0% |
| 25 | Colorado | 36.0% |
| 26 | Nebraska | 34.7% |
| 27 | New Hampshire | 34.6% |
| 28 | Florida | 34.4% |
| 29 | Maryland | 33.9% |
| 30 | Vermont | 33.8% |
State tax collections per person (2025)
New Hampshire ranks 49 of 50, highest first.
| Rank | Region | State tax collections per person |
|---|---|---|
| 44 | Georgia | $3,040 |
| 45 | South Dakota | $2,874 |
| 46 | Missouri | $2,871 |
| 47 | Texas | $2,836 |
| 48 | Florida | $2,709 |
| 49 | New Hampshire | $2,383 |
| 50 | Alaska | $2,288 |
Individual income tax as a share of state taxes (2025)
New Hampshire ranks 42 of 50, highest first.
| Rank | Region | Individual income tax as a share of state taxes |
|---|---|---|
| 39 | Arizona | 20.6% |
| 40 | New Mexico | 16.9% |
| 41 | North Dakota | 7.7% |
| 42 | New Hampshire | 2.7% |
| 43 | Washington | 1.4% |
| 44 | Tennessee | 0.0% |
| 45 | Texas | 0.0% |
General sales tax as a share of state taxes (2025)
New Hampshire ranks 47 of 50, highest first.
| Rank | Region | General sales tax as a share of state taxes |
|---|---|---|
| 44 | New York | 15.5% |
| 45 | Vermont | 11.9% |
| 46 | Oregon | 6.9% |
| 47 | New Hampshire | 0.0% |
| 48 | Montana | 0.0% |
| 49 | Delaware | 0.0% |
| 50 | Alaska | 0.0% |
State spending on public welfare per person (2024)
New Hampshire ranks 43 of 50, highest first. Direct general expenditure on public welfare, mainly Medicaid
| Rank | Region | State spending on public welfare per person |
|---|---|---|
| 40 | South Dakota | $2,110 |
| 41 | Nevada | $2,036 |
| 42 | Utah | $1,975 |
| 43 | New Hampshire | $1,939 |
| 44 | Alabama | $1,886 |
| 45 | Idaho | $1,865 |
| 46 | Wyoming | $1,858 |
More on New Hampshire: overview · economy and jobs · health · education and schools · poverty and living standards · the United States
Sources
- U.S. Census Bureau: Annual Survey of State Government Finances: State Government Finances, U.S. and States, 2012-2024 (table GS00STATEFIN01, amounts in thousands of dollars), read 23 October 2026 · saved copy (SHA-256 72ff59b48414…)
- U.S. Census Bureau: Annual Survey of State Government Tax Collections: historical database, fiscal years to 2025 (thousands of dollars), read 23 October 2026 · saved copy (SHA-256 bdf560cd3d8f…)
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