Manchester, KY is located in Clay County in southeastern Kentucky and has a population of 4,732 people. It is a great community to live in, as the average rent for two bedrooms is only $600, making it more affordable than the US average of $1,430. Additionally, grocery costs are also lower than the national average with a cost index of 92 compared to 100. Manchester has many local stores that make up its economy such as Boyd’s Pharmacy and Market, Manchester Hardware & Supply Co., Clay County Furniture, and The Dollar General Store. These local companies create jobs and contribute to the thriving economy of Manchester.
Manchester has an unemployment rate of 7.6%. The US average is 6.0%.
Manchester has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Manchester
- The Sales Tax Rate for Manchester is 6.0%. 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 $14,660 a year. The US average is $37,638 a year.
- The Median household income of a Manchester resident is $22,339 a year. The US average is $69,021 a year.