Manhattan, IL Cost Of Living

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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.
Index	Manhattan	Illinois	National
Cost of living index	107	98	100
Index	Manhattan	Illinois	National
Goods & Services index	98	98	100
Groceries index	100	97	100
Health care index	110	100	100
Housing index	123	95	100
Transportation index	117	112	100
Utilities index	90	97	100

Displayed above is a general overview of the Manhattan, IL cost of living index. The overall cost of living index in Manhattan, IL is 107, which is 9% higher than the Illinois average and 7% 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 equal to the Illinois average and 2% lower than the national average.

Did you know?

The cost of living in Manhattan is 9% higher than the Illinois average.
The cost of living in Manhattan is 7% higher than the national average.
The cost of housing in Manhattan is 23% higher than the national average.
Illinois general sales tax is 23% higher than the national average.
Illinois state income tax is 123% higher than the national average.

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$101,120	$8,427	$2,359	$3,034
Renters	$60,227	$5,019	$1,405	$1,807

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 $101,120 for those who own their own homes. Under the standard rule, that income level would allow for $2,359 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $60,227, per the median income in the area. That would allow for renters to spend up to $1,405 on monthly rental expenses.

Illinois Sales Tax

State	General Sales Tax	With Max Surtax
Illinois	6.25%	10.25%

Illinois Income Tax

State	Income Tax (Low)	Income Tax (High)
Illinois	4.95%	4.95%

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 10.25%. 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 4.95% to 4.95%.

Goods & Services

Item	Manhattan	National avg.	Difference
Haircut	$19.28	$17.49	10.2%
Beauty Salon	$39.33	$38.17	3.0%
Toothpaste	$3.16	$2.32	36.2%
Shampoo	$0.96	$1.01	5.1%
Movie	$10.54	$10.72	1.7%
Bowling	$15.50	$13.86	11.8%

Groceries

Item	Manhattan	National avg.	Difference
Ground Beef	$3.96	$3.90	1.5%
Fried Chicken	$1.62	$1.40	16.1%
Milk	$2.16	$1.96	10.1%
Potatoes	$2.93	$3.18	7.9%
Pizza	$10.68	$10.39	2.8%
Beer	$8.26	$9.23	10.5%

Health Care

Item	Manhattan	National avg.	Difference
Optometrist	$107.11	$106.34	0.7%
Doctor	$157.40	$115.25	36.6%
Dentist	$103.57	$98.38	5.3%
Ibuprofen	$8.97	$9.26	3.1%
Lipitor	$447.13	$466.47	4.1%

Housing

Item	Manhattan	National avg.	Difference
Home Price	$212,100.00	$184,700.00	14.8%
Avg. Mortgage Payment	$1,188.17	$1,273.32	6.7%
Apartment Rent	$1,339.00	$949.00	41.1%

Transportation

Item	Manhattan	National avg.	Difference
Gasoline	$3.10	$2.59	19.7%
Tire Balancing	$56.78	$48.90	16.1%

Utilities

Item	Manhattan	National avg.	Difference
All Electricity	$131.81	$167.60	21.4%
Phone	$188.88	$163.42	15.6%

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, State	Population	Cost of Living Index	National Avg.
Wilmington village, IL	144	79	-21%
Ingalls Park, IL	2,872	90	-10%
Fairmont, IL	2,516	91	-9%
Preston Heights, IL	2,916	91	-9%
Godley, IL	730	91	-9%
Manhattan, IL	7,405	107	7%

City, State	Population	Cost of Living Index	National Avg.
Oakdale, NY	7,405	147	47%
Ashland, VA	7,406	98	-2%
Mentor-on-the-Lake, OH	7,404	93	-7%
Villa Hills, KY	7,404	102	2%
Laurel Hill, VA	7,404	150	50%
Manhattan, IL	7,405	107	7%

Manhattan, IL Cost of Living