Shelby, MI is a great place to live with a variety of attractions and businesses. The cost of living is quite affordable with rent for a 2-bedroom apartment costing just $830 compared to the US average of $1,430. Even grocery prices are much cheaper in Shelby, with the Grocery Cost Index being 92 compared to 100 in the US. Local companies include Reliable Metal Products, Vibracoustic Automotive, and Michigan Plastics while popular attractions include Potters Park, Historic Fort Shelby Park, and Lakeport State Park.
Shelby has an unemployment rate of 8.0%. The US average is 6.0%.
Shelby has seen the job market increase by 0.5% 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
- The Sales Tax Rate for Shelby is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Shelby 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
- The average income of a Shelby resident is $16,138 a year. The US average is $28,555 a year.
- The Median household income of a Shelby resident is $56,000 a year. The US average is $69,021 a year.