Shelbyville, KY is a great place to call home. With a low 2-bedroom rent rate at $950, Shelbyville can provide affordable housing compared to the US average of $1,430. This makes it a great choice for those looking for an economical place to live. Additionally, the Grocery Cost Index in Shelbyville is 98 versus 100 in the US; this indicates that food costs are also much lower than most other places in the United States.
The town is home to many local companies such as Kyger Creek Power Plant and The Wild Animal Safari which offers visitors the unique opportunity to view animals from around the world in their natural habitats. Other local businesses include Gressly Furniture Manufacturing Company, Mannington Flooring Co., and Guthrie’s Chicken Fingers Inc., all of which provide jobs and contribute to the economy of Shelbyville.
Altogether, Shelbyville is a great place for those who wish to settle down and enjoy life without breaking their budget. Not only does it offer an affordable housing market but also has a low cost of living with groceries being cheaper than most places in the US. With plenty of local businesses providing jobs and opportunities for growth, Shelbyville can be considered one of top picks for those seeking an economically friendly place to call home.
Shelbyville has an unemployment rate of 3.9%. The US average is 6.0%.
Shelbyville 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 41.2%, which is higher than the US average of 33.5%.
Tax Rates for Shelbyville
- The Sales Tax Rate for Shelbyville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Shelbyville is 8.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shelbyville
- The average income of a Shelbyville resident is $19,865 a year. The US average is $28,555 a year.
- The Median household income of a Shelbyville resident is $70,751 a year. The US average is $69,021 a year.