salaryRent is lower than in 67% of U.S. cities. That makes it a rare mix of above-average pay and below-average rent. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 37.5 minutes each way. Most homes (88.3%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $53,640 a year. That is $26 an hour at a full-time job.
Is rent cheaper than other Illinois cities?
Yes. Rent here is cheaper than in most of Illinois. It is number 132 of 334 cities from cheapest to most expensive.
How much do households earn in Manhattan?
Share of households by yearly income. 54.0% of households earn $100,000 or more.
Rent by apartment size in Manhattan
| Size | Manhattan | U.S. average |
|---|---|---|
| 2 bedrooms | $1,259 | $1,509 |
| 3 bedrooms | $2,281 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Manhattan overall?
Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Manhattan, so the Illinois figure is shown.
Taxes and bills in Manhattan
Life in Manhattan
Is it cheaper to rent or buy in Manhattan?
Renting is cheaper right now: about $967 a month less.
Owning assumes a typical $332,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $33,260 for the down payment.
Frequently asked questions
What is the average rent in Manhattan, IL?
Renting in Manhattan costs a median of about $1,341 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Manhattan?
To keep rent under 30% of income, you need about $53,640 a year, or $26 an hour at a full-time job.
Is Manhattan cheap or expensive?
Manhattan is rated Cheap: rent takes 11.6% of the typical household income of $138,611. It ranks 132nd cheapest of 334 Illinois cities we track.
How much are property taxes in Manhattan?
The median homeowner in Manhattan pays $8,785 a year in property taxes, about 2.64% of the median home value.
Is Manhattan more expensive than the national average?
Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Manhattan?
The median home value in Manhattan is $332,600, about 2.4 times the typical yearly household income.
11,026 people live in Manhattan. Numbers are typical (middle) values.