Manchester, MO

Average · 93

Missouri · Population 18,189 · Updated March 2026

$1,248
Median Rent / Month
$92,839
Median Income
$298,400
Median Home Value
$1,424
Owner Costs / Month

Affordability

How far your income goes in Manchester

16.1%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Missouri

State-level tax rates that affect your costs

4.95%
Income Tax (Top Rate)
4.225%
Sales Tax
0.93%
Property Tax Rate

Estimated Annual Costs

$14,976
Annual Rent
$4,596
State Income Tax
$2,775
Property Tax (est.)

Cost of Living Overview

Manchester offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 93 (where 100 equals the national median), Manchester residents can expect to pay median rent of $1,248/month while earning a median household income of $92,839/year.

The median home value in Manchester, MO is $298,400, with typical monthly owner costs around $1,424 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.1% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Missouri has a moderate income tax rate of 4.95%. Combined with a 4.225% sales tax rate and 0.93% effective property tax rate, the overall tax environment is a factor in the total cost of living in Manchester.

Frequently Asked Questions

Common questions about living costs in Manchester

What is the cost of living in Manchester, MO?
The cost of living index in Manchester, MO is 93 (US average = 100). Median monthly rent is $1,248, median household income is $92,839/year, and the median home value is $298,400.
Is Manchester, MO affordable?
Yes, Manchester is more affordable than the national average with a cost index of 93. The rent-to-income ratio is 16.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Manchester, MO?
The median gross rent in Manchester, MO is $1,248 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,976.
What is the median household income in Manchester?
The median household income in Manchester, MO is $92,839 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Missouri?
Missouri has a top income tax rate of 4.95%, a sales tax of 4.225%, and an effective property tax rate of 0.93%.