Housing costs in Manchester?
A typical home costs
$397,900, which is 17.7% more expensive than the national average of
$338,100 and 2.5% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Manchester costs
$1,230 per month, which is 14.0% cheaper than the national average of
$1,430 and 31.7% cheaper than the state average of
$1,620.
Can I afford Manchester?
To live comfortably in Manchester, Maryland, a minimum annual income of
$76,320 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Manchester?
Manchester, MD is an affordable place to live. The cost of living in Manchester is 11% below the national average, making it one of the most affordable cities in Maryland. Housing costs are particularly low with the median home value being $258,200, much lower than other cities in Maryland. Utilities costs are also reasonable, with electricity rates averaging 11 cents per kWh and natural gas prices sliding at 7 cents per therm. There are also many grocery stores and restaurants in Manchester that offer reasonably priced options for locals to enjoy. All of these factors combine to make Manchester a great option for those looking for an affordable place to call home.