Cost of Living in Manchester, NH

Housing

The housing market plays a significant role in determining the cost of living in Manchester, NH.

• Housing Index: 115.0 / 100
• Median Home Price is: $348000
• Average Rent (2 BR Apartment): $1900 per month
• Average Rent (2 BR House): $2000 per month

Considering a move to Manchester, NH? The housing index of 115.0 suggests that the market is moderately competitive. With a median home price of 348000, buying here may stretch your budget, especially compared to the average rent for a 2-bedroom apartment at 1900 and a 2-bedroom house at 2000. It's crucial to weigh your long-term plans; renting might be more feasible in a high-valuation market like this. Make sure to explore local amenities and job opportunities, as these factors significantly influence overall living costs and lifestyle satisfaction.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Manchester, NH.

• Electricity Price: 22.44 USD (median by state)
• Natural Gas Price: $17.58 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Manchester, NH could entail higher utility costs. Electricity costs sit at 22.44, while natural gas is priced at 17.58 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 110.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $74040

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Manchester, NH, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.