MyNeighborhood

Can you afford to live in Manchester?

Median household income, home values and rent in Manchester, CT — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Manchester.

Median household income: $76,780 — +39.7% since 2015 (not adjusted for inflation)

Median gross rent: $1,357/mo — +26.0% since 2015

Median home value, 2015 to 2023

  • 2015: 169300
  • 2023: 205800

Median household income

  • Manchester: 76780
  • Capitol Planning Region: 91541
  • CT: 93760
  • U.S.: 78538

Median gross rent

  • Manchester: 1357
  • Capitol Planning Region: 1351
  • CT: 1431
  • U.S.: 1348

Share of income a typical renter spends on rent: 31.0% — U.S.: 30.2%

What it means

Households here earn about what households nationally earn ($76,780 versus $78,538).

The typical renter here spends 31.0% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, income has kept pace with rent here (+39.7% versus +26.0%), before adjusting for inflation.

Sources

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