Manchester, VA Economy


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Manchester, VA is an up-and-coming city located in the beautiful state of Virginia. It offers residents a vibrant culture, excellent shopping and dining opportunities, and a variety of recreational activities. The 2 Bedroom Rent in Manchester is $1,500 which is slightly higher than the US average of $1,430. There are also many businesses located in this city that cater to both locals and visitors alike. Some popular local companies include McLean's Dry Cleaners, Triad Auto Group, and the Manchester Veterinary Clinic. Grocery Cost Index in Manchester is 99 compared to 100 in the US due to various factors including lower taxes and more competitive pricing. There are plenty of reasons why living in Manchester may be desirable for those looking for a great place to live and work.

Manchester has an unemployment rate of 4.8%. The US average is 6.0%.

Manchester has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.

Tax Rates for Manchester
- The Sales Tax Rate for Manchester is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Manchester is 5.8%. 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 $28,408 a year. The US average is $28,555 a year.
- The Median household income of a Manchester resident is $66,941 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyManchester, VirginiaUnited States
  4.86
  -5.6%-6.2%
  37.5%33.5%
  5.3%6.2%
  5.8%4.6%
  $31,262$37,638
  $66,941$69,021
  $85,182$85,028
  Population by Occupation
  0.0%1.2%
  0.3%0.5%
  8.2%6.8%
  7.5%10.0%
  1.7%2.5%
  5.9%11.0%
  8.2%4.8%
  0.2%0.8%
  1.6%1.9%
  9.2%4.7%
  0.9%1.9%
  5.5%7.6%
  0.1%0.1%
  4.8%4.2%
  9.6%9.3%
  15.3%14.0%
  0.9%2.1%
  7.9%7.0%
  5.4%4.8%
  6.8%4.7%
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