Housing costs in Manchester?
A typical home costs
$236,400, which is 30.1% less expensive than the national average of
$338,100 and 45.3% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Manchester costs
$1,330 per month, which is 7.0% cheaper than the national average of
$1,430 and 28.6% cheaper than the state average of
$1,710.
Can I afford Manchester?
To live comfortably in Manchester, New Jersey, a minimum annual income of
$45,360 for a family, and
$42,400 for a single person is recommended.
What does A.I. say about Manchester?
Manchester, NJ has a moderately low cost of living, with an overall index score of 107.3 according to the Cost of Living Index. This is slightly higher than the national average of 100, but still well below many cities along the Jersey Shore. The cost of housing in Manchester is 19% lower than the national average and 21% lower than New Jersey as a whole, making it a great option for those looking for affordable housing without sacrificing too much in terms of quality. Utilities are also quite affordable, with electricity coming in at around 10% cheaper than the national average. Groceries and health care costs are slightly higher than average, but overall the cost of living in Manchester is still quite affordable.