Shamrock, MN Economy


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United States / Minnesota / No Metro Area / Aitkin County / Shamrock / Zip Codes
Shamrock, MN is a cozy town located in the Midwest. It is a great area for families looking to settle down as it boasts affordable housing and grocery costs. The average rent for a two bedroom apartment in Shamrock is $850, which is much lower than the national average of $1,430. Additionally, the Grocery Cost Index in Shamrock is 97 versus 100 in the US.
Local companies and organizations within Shamrock include Big Shark Realty Group, which specializes in real estate services such as property management and rental services. There's also Little Joe Hardware Store that provides traditional hardware supplies as well as appliances and tools to help with home repair projects. For parents looking for after-school activities for their children, there’s the Shamrock Soccer Club that offers soccer lessons to kids of all ages. Finally, pets are warmly welcomed at Ruff & Ready Pet Grooming Services where they can get bathed or groomed.

Shamrock has an unemployment rate of 7.1%. The US average is 6.0%.

Shamrock has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.

Tax Rates for Shamrock
- The Sales Tax Rate for Shamrock is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Shamrock is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Shamrock
- The average income of a Shamrock resident is $30,105 a year. The US average is $28,555 a year.
- The Median household income of a Shamrock resident is $54,145 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyShamrock, MinnesotaUnited States
  7.16
  0.8%-6.2%
  37.5%33.5%
  6.9%6.2%
  7.1%4.6%
  $36,142$37,638
  $54,145$69,021
  $67,917$85,028
  Population by Occupation
  1.6%1.2%
  0.0%0.5%
  17.6%6.8%
  15.3%10.0%
  3.8%2.5%
  14.1%11.0%
  4.0%4.8%
  0.5%0.8%
  0.9%1.9%
  1.9%4.7%
  0.9%1.9%
  2.4%7.6%
  0.0%0.1%
  3.3%4.2%
  7.8%9.3%
  11.8%14.0%
  2.1%2.1%
  6.4%7.0%
  0.7%4.8%
  4.9%4.7%
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