Manchester, TN is a vibrant and friendly city located in the southeastern corner of Tennessee. It is home to several nationally known companies such as Bridgestone, Tractor Supply Co., and Genesco. Manchester also boasts several local retail stores, restaurants, and entertainment venues. The cost of living in Manchester is very affordable compared to other cities in the US; for example, two-bedroom rent averages about $1,040 per month while in the US it is around $1,430. Additionally, the Grocery Cost Index in Manchester is 96 versus 100 in the US. With its low cost of living and active business environment, Manchester is an ideal place to live and work for people who are looking for a comfortable lifestyle at an affordable price.
Manchester has an unemployment rate of 4.9%. The US average is 6.0%.
Manchester has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 40.2%, which is higher than the US average of 33.5%.
Tax Rates for Manchester
- The Sales Tax Rate for Manchester is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Manchester is 0.0%. 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 $19,697 a year. The US average is $28,555 a year.
- The Median household income of a Manchester resident is $47,092 a year. The US average is $69,021 a year.