Housing costs in Manchester?
A typical home costs
$347,600, which is 2.8% more expensive than the national average of
$338,100 and 4.1% more expensive than the average Maine home, at
$334,000. Renting a two-bedroom unit in Manchester costs
$1,110 per month, which is 22.4% cheaper than the national average of
$1,430 and 12.6% cheaper than the state average of
$1,250.
Can I afford Manchester?
To live comfortably in Manchester (zip 04351), Maine, a minimum annual income of
$66,600 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Manchester?
The cost of living in 04351 Manchester, ME is relatively low compared to other parts of the state and the nation. According to BestPlaces, the overall cost of living index in 04351 Manchester, ME is 85.5 which is lower than the U.S. average of 100 and Maine's average of 99. Housing costs are especially low with a median home price sitting around $156,000 and rent prices starting at around $1,250 per month for a one bedroom apartment. Groceries are also fairly inexpensive when compared to other areas in Maine and the US with a basic market basket costing around $85 per week. Other costs such as transportation and utilities are also reasonably priced making 04351 Manchester an ideal location for those looking for an affordable place to call home.