Manchester, Vermont is a small city located in the Green Mountains of Southern Vermont. It is known for its vibrant art scene, outdoor recreation opportunities, and local businesses. Companies such as the Northshire Bookstore, The Inn at Manchester, and Manchester Designer Outlets make up a portion of the local economy. Living costs are moderate in Manchester with 2 bedroom rents averaging around $1,340 compared to the US average of $1,430. Groceries are also typically cheaper here as well with the grocery cost index coming in at 105 versus 100 in the US. All in all, it's an affordable place to live with plenty of activities and entertainment options available.
Manchester has an unemployment rate of 4.8%. The US average is 6.0%.
Manchester has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 26.1%, which is lower than the US average of 33.5%.
Tax Rates for Manchester
- The Sales Tax Rate for Manchester is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Manchester is 6.8%. 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 $36,243 a year. The US average is $28,555 a year.
- The Median household income of a Manchester resident is $81,885 a year. The US average is $69,021 a year.