Cost Of Living in Manhattan, IL

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C

9%

Overall NAT. AVG.

6%

Goods & Services NAT. AVG.

27%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Manhattan	Illinois	National
Cost of living	109	96	100
Goods & Services	106	97	100
Groceries	97	98	100
Health care	98	95	100
Housing	127	95	100
Transportation	114	103	100
Utilities	80	89	100

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Cost Of Living Quick Facts

The cost of living in Manhattan is 13% higher than the Illinois average
The cost of living in Manhattan is 9% higher than the national average
Manhattan housing is 27% higher than the national average
Illinois general sales tax is 22% higher than the national average
Illinois state income tax is 91% 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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$107,207	$8,934	$2,501	$3,217
Renters	$46,048	$3,837	$1,074	$1,382

A good indicator of the general affordability of housing in Manhattan, IL, 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, the median monthly income is $107,207 for those who own their own homes. Under the standard rule, that income level would allow for $2,501 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $46,048, per the median income in the area. That would allow for renters to spend up to $1,074 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%

Goods & Services

Item	Manhattan	National avg.	Difference
Haircut	$19.72	$24.26	18.7%
Beauty Salon	$37.22	$45.56	18.3%
Toothpaste	$3.72	$3.70	0.6%
Shampoo	$1.32	$1.28	3.3%
Movie	$9.99	$12.13	17.7%
Bowling	$16.00	$18.00	11.1%

Groceries

Item	Manhattan	National avg.	Difference
Ground Beef	$5.94	$5.84	1.8%
Fried Chicken	$1.39	$1.57	11.8%
Milk	$4.55	$4.67	2.5%
Potatoes	$5.08	$4.93	3.0%
Pizza	$10.69	$12.09	11.6%
Beer	$9.61	$10.41	7.7%

Health Care

Item	Manhattan	National avg.	Difference
Optometrist	$86.67	$125.68	31.0%
Doctor	$110.00	$135.78	19.0%
Dentist	$82.00	$113.29	27.6%
Ibuprofen	$10.17	$10.65	4.5%
Lipitor	$511.00	$468.60	9.0%

Housing

Item	Manhattan	National avg.	Difference
Home Price	$248,300.00	$184,700.00	34.4%
Avg. Mortgage Payment	$1,316.57	$2,346.69	43.9%
Apartment Rent	$1,051.00	$949.00	10.7%

Transportation

Item	Manhattan	National avg.	Difference
Gasoline	$3.52	$3.46	1.7%
Tire Balancing	$45.00	$59.92	24.9%

Utilities

Item	Manhattan	National avg.	Difference
All Electricity	$156.87	$193.99	19.1%
Phone	$198.03	$192.25	3.0%

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	Population	Cost of Living Index	National Avg.
Wilmington village, IL	144	80	20.0%
Godley, IL	691	91	8.6%
Preston Heights, IL	2,529	93	6.5%
Ingalls Park, IL	3,022	94	6.5%
University Park, IL	7,224	94	5.6%
Manhattan, IL	8,218	109	9.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Geneseo, NY	8,218	97	2.7%
Orono, MN	8,217	171	70.6%
Jefferson City, TN	8,220	86	14.1%
Temple Hills, MD	8,221	119	19.2%
Upper Saddle River, NJ	8,214	208	108.3%
Manhattan, IL	8,218	109	9.2%