Manchester, MN is a city located in Anoka County, Minnesota. It is known for being a great place to live due to its convenient location near the Twin Cities metropolitan area as well as having plenty of employment opportunities. Major employers in Manchester include IBM, US Bank, and Medtronic. In terms of cost of living, 2 bedroom rent in Manchester is quite a bit less than the US average at $900 per month compared to $1,430 per month. The Grocery Cost Index in Manchester is also lower than the US average at 94 versus 100 respectively. This makes it an affordable place to live with many great amenities nearby.
Manchester has an unemployment rate of 4.5%. The US average is 6.0%.
Manchester has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Manchester
- The Sales Tax Rate for Manchester is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Manchester is 7.1%. 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 $31,930 a year. The US average is $28,555 a year.
- The Median household income of a Manchester resident is $56,875 a year. The US average is $69,021 a year.