Shell River, MN is a small town located in the northern region of the United States. It has a population of around 2,000 people and is known for its serene atmosphere and charming character. The average rent for a two bedroom apartment is only $960 per month, making it an affordable option for those looking to save some money on housing. Additionally, the Grocery Cost Index in Shell River is 95 versus 100 in the US, meaning groceries are slightly cheaper than average.
The local economy of Shell River is made up of several family-owned businesses such as Blain's Bakery, Pascual's Produce Market and Ellison Construction. These businesses have been providing goods and services to the community for years and have helped shape the culture and character of Shell River.
Shell River has an unemployment rate of 6.9%. The US average is 6.0%.
Shell River has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 4.3%, which is lower than the US average of 33.5%.
Tax Rates for Shell River
- The Sales Tax Rate for Shell River is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Shell River 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 Shell River
- The average income of a Shell River resident is $24,873 a year. The US average is $28,555 a year.
- The Median household income of a Shell River resident is $68,125 a year. The US average is $69,021 a year.