Shelby township in Michigan is known for its affordability and convenience. With two bedroom rent being only $830 compared to the US average of $1,430, it’s easy to see why so many people choose to call Shelby Township their home. Additionally, the grocery cost index in Shelby township is 92 versus 100 in the US which adds to its economic appeal. This area is home to several major companies such as Lear Corporation, Sysco Detroit, and Walmart Distribution Center. The city also contains many local restaurants and businesses that make it an attractive place to live and work. With its inviting atmosphere and great local amenities at an affordable price point, Shelby Township is an ideal place for anyone looking to call a new city their home.
Shelby township has an unemployment rate of 8.0%. The US average is 6.0%.
Shelby township has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Shelby township
- The Sales Tax Rate for Shelby township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Shelby township is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shelby township
- The average income of a Shelby township resident is $25,934 a year. The US average is $37,638 a year.
- The Median household income of a Shelby township resident is $62,399 a year. The US average is $69,021 a year.