Manchester-by-the-Sea, MA is an affluent coastal town located north of Boston. It is known for its scenic beaches, charming local shops and restaurants, and laid back atmosphere. Local businesses include the Fish Docks Restaurant, an iconic seafood eatery right on the harbor; The Bookstore Cafe, a cozy cafe with curated bookshelves and specialty coffee drinks; and Hayes Marine Supply Store which provides equipment for sailing enthusiasts. Residents can also take advantage of the excellent schools in the area and access to world class healthcare services. The cost of living is higher than average, with rents being significantly more expensive than most other places in the US – a two bedroom apartment in Manchester-by-the sea averages $2,260 per month compared to $1,430 nationally - but the Grocery Cost Index is relatively close at 116 compared to 100 in the US.
Manchester-by-the-Sea has an unemployment rate of 4.9%. The US average is 6.0%.
Manchester-by-the-Sea has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Manchester-by-the-Sea
- The Sales Tax Rate for Manchester-by-the-Sea is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Manchester-by-the-Sea is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Manchester-by-the-Sea
- The average income of a Manchester-by-the-Sea resident is $69,180 a year. The US average is $28,555 a year.
- The Median household income of a Manchester-by-the-Sea resident is $193,279 a year. The US average is $69,021 a year.