Shelbyville, TN (37160) is an area with a cost of living that is slightly lower than the national average. The average rent for a two-bedroom apartment in Shelbyville is $1,380 per month, while the US average is $1,430. Additionally, the grocery cost index in Shelbyville is 95 compared to 100 nationally.
Residents of Shelbyville have access to multiple local businesses that serve their needs. Notable companies include Walmart Supercenter for shopping needs, Sonic Drive-In and Pizza Palace for food options, and Tennessee National Bank as a financial institution. Moreover, there are numerous other businesses such as Green’s Pharmacy & Drug Store, Cooke’s Furniture & Appliance Center and Carriers Antiques & Collectibles provide services to local residents.
Shelbyville (zip 37160) has an unemployment rate of 5.2%. The US average is 6.0%.
Shelbyville (zip 37160) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 46.3%, which is higher than the US average of 33.5%.
Tax Rates for Shelbyville (zip 37160)
- The Sales Tax Rate for Shelbyville (zip 37160) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Shelbyville (zip 37160) 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 Shelbyville (zip 37160)
- The average income of a Shelbyville (zip 37160) resident is $19,453 a year. The US average is $28,555 a year.
- The Median household income of a Shelbyville (zip 37160) resident is $52,650 a year. The US average is $69,021 a year.