Housing costs in Manhattan?
A typical home costs
$316,700, which is 6.3% less expensive than the national average of
$338,100 and 31.0% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Manhattan costs
$1,520 per month, which is 6.3% more than the national average of
$1,430 and 17.1% more than the state average of
$1,260.
Can I afford Manhattan?
To live comfortably in Manhattan, Illinois, a minimum annual income of
$60,840 for a family, and
$53,200 for a single person is recommended.
What does A.I. say about Manhattan?
The cost of living in Manhattan, IL is high compared to other cities and towns in the United States. The median home price for Manhattan, IL is around $300,000, which is well above the national average. Rent prices are also high compared with other parts of the country, with an average of close to $1500 per month for a one bedroom apartment. Groceries and utility costs are also typically more expensive in Manhattan than elsewhere. Additionally, the sales tax rate for Manhattan is 8%, higher than many other places in Illinois. All of this adds up to create a higher cost of living in Manhattan overall.