Housing costs in Manchester?
A typical home costs
$279,000, which is 17.5% less expensive than the national average of
$338,100 and 0.6% more expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Manchester costs
$1,020 per month, which is 4.7% cheaper than the national average of
$1,070 and 23.5% more than the state average of
$780.
Can I afford Manchester?
To live comfortably in Manchester (zip 37355), Tennessee, a minimum annual income of
$53,280 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Manchester?
The cost of living in 37355 Manchester, TN is relatively low compared to other cities and states in the country. The median home price in Manchester is $161,400, which is much lower than the national median home price of $231,200. The overall cost of living index for Manchester is 82.6, which is significantly lower than the national average index of 100. Additionally, the median household income in Manchester falls just below the national average at $40,913. While these figures may indicate that Manchester is an affordable place to live, it's important to remember that costs will vary from family to family and location to location.