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: $348,000
- 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 Manchester is a financially viable option for your relocation.