Manchester, CT is a great community to live in. With its low 2 bedroom rent of $1,660 compared to the US average of $1,430, it makes it an affordable place to reside. There are many local businesses in the area such as United Technologies Corporation (UTC), Kaman Corporation, Hartford HealthCare Medical Group and Pratt & Whitney. These companies bring plenty of job opportunities for its residents. It's Grocery Cost Index is also higher than the US at 104 so you can expect to pay just a bit more for your weekly groceries. Overall Manchester is a great community with plenty of amenities and activities for all types of people making it a great place to call home.
Manchester has an unemployment rate of 8.0%. The US average is 6.0%.
Manchester has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Manchester
- The Sales Tax Rate for Manchester is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Manchester is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Manchester
- The average income of a Manchester resident is $32,558 a year. The US average is $28,555 a year.
- The Median household income of a Manchester resident is $78,598 a year. The US average is $69,021 a year.