Housing costs in Manchester?
A typical home costs
$107,500, which is 68.2% less expensive than the national average of
$338,100 and 55.5% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Manchester costs
$690 per month, which is 45.2% cheaper than the national average of
$1,260 and 15.9% cheaper than the state average of
$800.
Can I afford Manchester?
To live comfortably in Manchester (zip 62663), Illinois, a minimum annual income of
$20,520 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Manchester?
The cost of living in 62663 Manchester, IL is quite reasonable. The overall cost of living index is 7.7%, which is lower than the U.S. average of 100%. Housing costs are very affordable, with an average home price of $112,500 and median rent prices at $633 per month. Groceries are also relatively inexpensive, with the average monthly grocery bill costing around $358 per person. Utility costs are slightly higher than the national average, but still quite reasonable at just over $169 per month for electricity alone. Overall, Manchester offers a great quality of life at a very competitive cost of living.