Housing costs in Manchester?
A typical home costs
$62,700, which is 81.5% less expensive than the national average of
$338,100 and 79.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Manchester costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 37.8% cheaper than the state average of
$1,240.
Can I afford Manchester?
To live comfortably in Manchester, Minnesota, a minimum annual income of
$11,880 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Manchester?
Manchester, MN is known for having an extremely low cost of living when compared to the national average. The city has a median home value of $178,800 and a median household income that is over $82,000. This is significantly higher than other cities in Minnesota and across the United States. Additionally, the unemployment rate is incredibly low at just 2.3%, making it one of the best places to work in the state. The costs of groceries, gas, and other basic necessities are also quite affordable in Manchester. Residents can enjoy all that this vibrant city offers without breaking their budget.