Quick facts: Manilla, IN

Quick Facts

95.3
Cost of Living
below US average
382
Population
13.09
Crime Rate per 1000
below US average
$55,192
Median Income
below US average
$45,000
Median House Price
above US average
$1317
Average Rent
below US average
9%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $55,192.

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Income Needed to Buy

βœ“ Affordable
$14k/year
Based on $45,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($55,192) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1317/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $55,192
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Manilla, IN

Manilla is a small town located in Rush County, Indiana. With a population of just around 400 residents, it offers a tight-knit community atmosphere. Nestled in the heart of the Midwest, Manilla is surrounded by lush farmlands and picturesque landscapes typical of rural Indiana. The town features several local amenities, including small businesses and parks, fostering a welcoming environment for both residents and visitors. Manilla is conveniently situated near larger cities like Shelbyville and rush county's county seat, Rushville, providing residents with easy access to a broader range of services, shopping, and recreational opportunities. The town emphasizes a friendly, small-town lifestyle, making it ideal for families and those seeking tranquility away from urban chaos. Outdoor enthusiasts can enjoy exploring local parks and natural areas nearby. The relatively low cost of living and community-driven activities make Manilla a charming place for those looking to settle in a peaceful environment while remaining connected to larger urban centers.

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