Cost of Living in Manhattan, IL
Population 10,315 · Illinois · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Manhattan a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $314,000. The labor market has been unusually tight, with unemployment around 1.6% — below most comparable cities in the state.
Located 11 miles southeast of Joliet, Manhattan falls within that metro's commuting orbit. Median home values run roughly 26% higher than Joliet's $249,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Manhattan
The median home value in Manhattan is $314,400 — 3% above the national median of $305,000. Median rent runs $1,220/month, 7% lower than the national median of $1,314/month. The median household income of $128,375/year is 72% higher than the US median of $74,580. The local unemployment rate is 1.6%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Manhattan has a cost of living index of 99 versus the US average of 100, meaning it is 1% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Manhattan, IL?
Manhattan has a cost index of 99 (100 = national average). It is 1% below the national average.
What is average rent in Manhattan, IL?
The median gross rent in Manhattan is $1,220 per month based on 2023 Census data.
What is the average home price in Manhattan?
The median home value in Manhattan is $314,400 according to Zillow and Census data.
What is the median income in Manhattan?
The median household income in Manhattan is $128,375 per year (2023 ACS 5-year estimates).
What is the sales tax in Manhattan, IL?
The combined state and local sales tax rate in Manhattan is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Manhattan, IL affordable?
Manhattan is near the national average in terms of cost of living, with an index of 99 (100 = US average).
Manhattan at a Glance
- Population
- 10,315
- Median Income
- $128,375
- Home Value
- $314,400
- Median Rent
- $1,220/mo
- Unemployment
- 1.6%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
Similar Cost Cities
Cities in other states with comparable housing costs