Shelton, NE is an excellent place to live for those looking for a small town community with cheaper living costs. Despite having a population of less than 2000 people, Shelton offers a number of local businesses that help provide amenities to the locals. Companies like Kwik Stop Grocery, Shelton State Bank, and Jack's Auto Repair provide services to the people in the community. Prices are significantly lower than they are nationally as reported by Grocery Cost Index which is 95 compared to 100 nationally. Furthermore, rent for two bedroom apartments is only $800 per month compared to the national average of $1,430. With these low prices and numerous local businesses, it is no wonder why many enjoy living in Shelton NE.
Shelton has an unemployment rate of 2.1%. The US average is 6.0%.
Shelton has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 29.2%, which is lower than the US average of 33.5%.
Tax Rates for Shelton
- The Sales Tax Rate for Shelton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Shelton is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shelton
- The average income of a Shelton resident is $21,345 a year. The US average is $28,555 a year.
- The Median household income of a Shelton resident is $55,568 a year. The US average is $69,021 a year.