Manchester, CT (06040) is a great place to call home. The average 2 bedroom rent in Manchester is $1,500, which is slightly higher than the US average of $1,430. Grocery cost index in Manchester is also slightly higher than the US average at 104 versus 100 respectively. In Manchester you'll find many benefits that come with living in a small city including local businesses that are thriving and the sense of community they bring. Local favorites include Walmart for groceries and department store needs, Bob's Discount Furniture for furniture and appliances, C&S Wholesale Grocers for fresh produce and grocery items, IKEA for home decor shopping and dining options like Elbow Room Sports Bar & Grill. With the convenience of nearby shopping and dining options as well as the sense of community that comes with living in a smaller city, Manchester is an ideal location to call home.
Manchester (zip 06040) has an unemployment rate of 8.0%. The US average is 6.0%.
Manchester (zip 06040) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Manchester (zip 06040)
- The Sales Tax Rate for Manchester (zip 06040) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Manchester (zip 06040) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Manchester (zip 06040)
- The average income of a Manchester (zip 06040) resident is $38,026 a year. The US average is $37,638 a year.
- The Median household income of a Manchester (zip 06040) resident is $73,856 a year. The US average is $69,021 a year.