The cost of living index in Manchester, MO, stands at 93, which is 3% lower than the nationwide average of 100. This indicates that residents in Manchester generally experience a slightly lower cost of living compared to the national average. The housing index at 89 is the most significant factor pulling down the overall index, while utilities and healthcare remain close to the average.
The cost of living index in Manchester, MO, reveals a generally favorable comparison to the nationwide average, which is set at 100. Housing costs in Manchester stand at 89, indicating that residents can expect to spend about 11% less on housing compared to the national average. This lower housing index can be a significant advantage for those looking to relocate or purchase property in the area.
Additionally, the grocery index in Manchester is 95, which means that groceries cost 5% less than the national average. Utilities, at 98, are slightly above the average, but the difference is minimal. Transportation costs are at 92, suggesting a 8% savings for those commuting or owning vehicles. Healthcare costs are slightly higher, with an index of 97, indicating a 3% increase. Miscellaneous expenses, at 90, show a 10% reduction compared to the national average. Overall, Manchester offers a cost of living that is competitive and often more affordable than the national average in several key areas.
