Zip 06040 (Manchester, CT) Cost of Living


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How much do I need to live in Manchester, Connecticut?
$4,260 / month
for a family, 21.1% less expensive than the national average A total of $51,120 for the year for a family.
$4,000 / month
for a single person, 16.1% less expensive than the national average A total of $48,000 for the year for a single person.

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
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesManchesterConnecticutUnited States
  104.8111.8100.0
  104.4106.6100
  114.0118.6100.0
  72.7109.2100.0
  $267,700$362,100$338,100
  118.4118.5100
  104.4112.4100.0
  129.5126.8100.0

   100=National Average

   Average Rent by Bedroom Size
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