Housing costs in Manchester?
A typical home costs
$101,100, which is 70.1% less expensive than the national average of
$338,100 and 48.0% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Manchester costs
$630 per month, which is 55.9% cheaper than the national average of
$1,430 and 46.0% cheaper than the state average of
$920.
Can I afford Manchester?
To live comfortably in Manchester (zip 40962), Kentucky, a minimum annual income of
$19,440 for a family, and
$20,400 for a single person is recommended.
What does A.I. say about Manchester?
The cost of living in 40962 Manchester, KY is relatively low compared to much of the U.S. According to BestPlaces, the cost of living index for this zip code is 79.1, which is 21% lower than the national average. The median home cost is estimated at $104,800, and the median rent price is around $543 per month. Groceries are also quite affordable in this area, with an average grocery bill estimated to be just under $58 a week. Additionally, utility costs are quite low at an estimated 8% below the national average. All together these factors make 40962 Manchester, KY an attractive option for those looking for a low cost of living in a rural area.