Manhattan cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexManhattanIllinoisNational
Cost of living index10599100
IndexManhattanIllinoisNational
Goods & Services index9698100
Groceries index10699100
Health care index104101100
Housing index11899100
Transportation index10097100
Utilities index103101100
Displayed above is a general overview of the Manhattan, IL cost of living index. The overall cost of living index in Manhattan, IL is 105, which is 7% higher than the Illinois average and 5% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Manhattan, IL are 2% lower than the Illinois average and 4% lower than the national average.

Did you know?

  • The cost of living in Manhattan is 7% higher than the Illinois average.
  • The cost of living in Manhattan is 5% higher than the national average.
  • The cost of housing in Manhattan is 18% higher than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Salary Calculator

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Use the salary calculator to compare your current income in Manhattan, IL to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Manhattan, IL, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Manhattan, IL salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$85,194$7,100$1,988$2,556
Renters$48,777$4,065$1,138$1,463
If you want to find a good determining factor for the cost of living and the general affordability of housing in Manhattan, IL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Manhattan, IL, the median monthly income is $85,194 for those who own their own homes. Under the standard rule, that income level would allow for $1,988 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $48,777, per the median income in the area. That would allow for renters to spend up to $1,138 on monthly rental expenses.

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax
Illinois6.25%9.75%

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
Illinois3.75%3.75%
When you are determining the total cost of living in Manhattan, IL you will want to make sure you consider both the Illinois sales tax and the Illinois income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Illinois is 6.25%, with the highest surtax being 9.75%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Illinois have a range from 3.75% to 3.75%.

Goods & Services

ItemManhattanNational avg.Difference
Haircut $15.50$14.596.2%
Beauty Salon $37.40$34.687.8%
Toothpaste $3.31$2.4733.8%
Shampoo $1.53$1.0249.7%
Movie $10.26$9.874.0%
Bowling $3.51$4.3920.1%

Groceries

ItemManhattanNational avg.Difference
Ground Beef $4.21$4.486.0%
Fried Chicken $1.56$1.466.6%
Milk $2.65$2.3612.4%
Potatoes $2.78$3.069.2%
Pizza $8.86$9.244.1%
Beer $8.19$8.635.1%

Health Care

ItemManhattanNational avg.Difference
Optometrist $111.13$99.7811.4%
Doctor $129.44$105.0323.2%
Dentist $82.38$88.707.1%
Ibuprofen $8.99$9.414.5%
Lipitor $298.47$298.500.0%

Housing

ItemManhattanNational avg.Difference
Home Price $202,200.00$175,700.0015.1%
Avg. Mortgage Payment $1,023.97$1,081.035.3%
Apartment Rent $1,151.00$920.0025.1%

Transportation

ItemManhattanNational avg.Difference
Gasoline $2.03$2.093.1%
Tire Balancing $49.67$45.299.7%

Utilities

ItemManhattanNational avg.Difference
All Electricity$175.65$170.802.8%
Phone $29.20$28.263.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Wilmington, IL14880-20%
Fairmont, IL2,38491-9%
Godley, IL62292-8%
Lakewood Shores, IL1,25093-7%
University Park, IL6,85293-7%
Manhattan, IL7,0171055%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Milton, PA7,01791-9%
Idabel, OK7,01586-14%
Ridley Park, PA7,02111515%
Richland, MS7,01284-16%
Lower Allen, PA7,0121000%
Manhattan, IL7,0171055%
Source: The Manhattan, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.