Cost of Living in Manhattan, IL
Housing
The housing market plays a significant role in determining the cost of living in Manhattan, IL.
- Housing Index: 95.0 / 100
- Median Home Price is: $296,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1232 per month
Considering a move to Manhattan, IL? The housing index of 95.0 indicates a relatively affordable market compared to the national average. With a median home price of 296000, purchasing a home can be an attractive option for many families. The average rent for a 2BR apartment is 1200, while a 2BR house rents for around 1232. This striking combination of reasonable rental prices and median home costs points to a promising residential area. Assess your budget and lifestyle preferences to determine the best fit for you in Manhattan.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Manhattan, IL.
- Electricity Price: $16.15 USD (median by state)
- Natural Gas Price: $16.59 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Manhattan, IL could entail higher utility costs. Electricity costs sit at $16.15, while natural gas is priced at $16.59 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Manhattan is a financially viable option for your relocation.