Zip 06040 (Manchester, CT) Cost of Living


0 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.

Manchester cost of living score
104.8
More expensive
4.8% higher
than the US average
6.3% lower
than the Connecticut average
Manchester (zip 06040), Connecticut gets a BestPlaces Cost of Living score of 104.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 4.8% higher than the U.S. average and 6.3% higher than the average for Connecticut.

Zip 06040 (Manchester, CT)

Housing costs in Manchester?
A typical home costs $267,700, which is 20.8% less expensive than the national average of $338,100 and 26.1% less expensive than the average Connecticut home, at $362,100. Renting a two-bedroom unit in Manchester costs $1,500 per month, which is 4.9% more than the national average of $1,430 and 10.7% cheaper than the state average of $1,660.

Can I afford Manchester?
To live comfortably in Manchester (zip 06040), Connecticut, a minimum annual income of $51,120 for a family, and $48,000 for a single person is recommended.

What does A.I. say about Manchester?
Manchester, CT is an affordable place to live. The median home cost in 06040 is $196,000, which is significantly lower than the national median of $226,800. Prices for rent are also relatively low with a median rent of around $1,330 per month compared to the national median of around $1,470. Additionally, the cost of living in Manchester is about 10% lower than Connecticut as whole and 14% lower than the U.S. average. This makes Manchester an excellent choice for those looking to find a place to settle down without spending too much money.
   Cost of living score
     CategoriesManchesterConnecticutUnited States
  104.8111.8100.0
  104.4106.6100
  114.0118.6100.0
  72.7109.2100.0
  $267,700$362,100$338,100
  118.4%118.5%100.0%
  104.4112.4100.0
  129.5126.8100.0

   100=National Average

   Average Rent by Bedroom Size
Crime