When arriving from the South, Manchester-by-the-Sea is the first Cape Ann community you will find, just 20 miles north of Boston. Manchester-by-the-Sea is a highly affluent residential community wrapped around one of New England’s most picturesque coastlines. When it comes to discussing Manchester’s financial capital, we must look into the community’s income, wealth, security, investment and ability to access funding. The town of Manchester is considered mainly to be upper class citizens who are fully educated with family’s of their own. The town’s median household income in 2014 was $111,000 and the median house value was $825,000. These figures show that the town of Manchester has a very high living cost, significantly higher then the majority of towns in Massachusetts. With such a high standard of living, Manchester’s taxes on various fees, excise taxes, rental income, etc. . In 2014, the town of Manchester had approximately $2.3 million of undesignated fund balance (free cash) and a Stabilization account of $1.25 million. This excess money was funded by capital expenditures of $2.2 million through a combination of taxation, fund balances, water and sewer rates and other sources. This shows how Manchester’s financial capital is in great standing when it comes to tax revenue. Manchester has the ability to fund both private and public institutions to grow its community. They have several funds/ trusts set in place to help the local school, help veterans, help develop new sports complex’s, and most importantly, help conserve the beautiful ecosystem’s that surround the town.

Manchester is a town located on the north shore of Massachusetts. The town is easily accessible when coming from Massachusetts’s capital. A 20-minute drive south from Manchester will bring you to the heart of the rustle & bustle of Boston. Manchester is also accessible by a commuter rail line starting in Boston, and making stops along the coastline to end one stop north of Manchester in Gloucester. Manchester, a highly affluent town with substantial economic resources, has numerous facilities that support productive activities within the community. The town’s budget allows for a state of the art police force and fire station, along with great waste disposal and recycling facilities. When it comes to housing, there is a lot of competition. Great public school systems, a melting pot of local boutiques, fine dining, and picturesque coastline, are all reasons why people are constantly looking for available real estate. The town of Manchester’s affluent community has the opportunity for high economic development. Currently, the town is working with city planners and the school system to build an additional outdoor sports complex with three new turf fields, tennis courts, and a turf baseball field. This new complex will give the high school, middle school, and local baseball little leagues all the opportunity to have more playing fields at their disposal. This new development will only greater increase the towns built capital by linking land use and economic development.