Shelburn, IN is a great place to live with a low cost of living. The 2 bedroom rent in Shelburn is about $860 which is much lower than the national average of $1,430. This makes it an attractive place to live for those who want to save money on housing. Additionally, the grocery cost index in Shelburn is 91 compared to 100 in the US. This means groceries are even more affordable than the already reasonable rates throughout the country. \nThe local economy in Shelburn is diverse and includes major employers like Gizmo Manufacturing, Shelburn Packing Corporation, and Shey's Dollar Store. There are also plenty of smaller businesses that contribute to the local economy such as Green Street Jewelry Store and Marley Salon & Spa. All these employers offer good wages and help provide a comfortable lifestyle for families who call Shelburn home. Overall, Shelburn is an excellent community with a low cost of living and plenty of job opportunities for residents.
Shelburn has an unemployment rate of 5.0%. The US average is 6.0%.
Shelburn has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Shelburn
- The Sales Tax Rate for Shelburn is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Shelburn is 3.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shelburn
- The average income of a Shelburn resident is $15,252 a year. The US average is $28,555 a year.
- The Median household income of a Shelburn resident is $39,327 a year. The US average is $69,021 a year.