Cost of living in Manteno research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Manteno is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Manteno is 99, with 100 being the average.
The cost of living index in Manteno is 1.0x lower than the national average.
Manteno ranks as the #163 cheapest in Illinois out of 338.
Manteno ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Manteno is $201,800.
The median income in Manteno is $83,625.
According to the most recent data on the cost of living, Manteno has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Illinois, Manteno has a cost of living index that's 1.1x higher than Illinois's index of 92.
The standard of living in Manteno ranks as #163 most affordable out of the 338 places we measured in Illinois. By definition, that implies Manteno ranks as the #175 most expensive place in the Prairie State.
For more reading on life in Manteno, check out:
Six factors go into calculating the cost of living index in Manteno. Here is how it fairs on each of the criteria:
The Services index in Manteno is 97.
The Groceries index in Manteno is 99.
The Health index in Manteno is 97.
The Housing index in Manteno is 101.
The Transportation index in Manteno is 110.
The Utilities index in Manteno is 89.
|Living Expense||Manteno||Illinois||National Average|
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Manteno is $201,800.
The Median Rent in Manteno is $938.
The Median Income in Manteno is $83,625.
The Home Value To Income in Manteno is 2.4x.
The Rent To Monthly Income in Manteno is 0.13x.
|Median Home Value||$201,800||$212,600||$244,900|
|Home Value To Income||2.4x||2.9x||3.5x|
|Rent To Monthly Income||0.13x||0.18x||0.2x|
The cost of living varies in the cities and towns around Manteno. Here's a quick look at the cost of living in the most populous nearby places:
New Lenox, IL has a cost of living index of 110, 1.1x Manteno.
Kankakee, IL has a cost of living index of 88, 0.9x Manteno.
Frankfort, IL has a cost of living index of 126, 1.3x Manteno.
|City||Population||Cost Of Living||Vs. Manteno|
|New Lenox, IL||26,942||110||1.1x|
|Richton Park, IL||12,867||95||1.0x|
|Frankfort Square, IL||9,214||107||1.1x|