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.