Shelby, NY Economy


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Shelby, NY is a small town with a lot to offer. Its low rental costs make it a great place to live for those looking for an affordable place to call home. With two bedroom rents averaging at $1,050, this community is a great option when searching for an affordable lifestyle. The local grocery cost index in Shelby is also lower than the national average of 100 making it a great place to do your food shopping.
This small town has many local business opportunities to explore. A few places include the locally owned Waffle House diner, which offers homemade breakfast favorites in addition to lunch and dinner items, as well as the Butcher Block deli which specializes in high-quality meats and cheeses. Additionally, there are plenty of national companies that can be found here too like Walmart and McDonald’s.

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

Shelby has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.

Tax Rates for Shelby
- The Sales Tax Rate for Shelby is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Shelby is 6.5%. 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 $21,018 a year. The US average is $28,555 a year.
- The Median household income of a Shelby resident is $43,780 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyShelby, New YorkUnited States
  7.16
  -5.7%-6.2%
  24.1%33.5%
  8.0%6.2%
  6.2%4.6%
  $24,974$37,638
  $43,780$69,021
  $62,155$85,028
  Population by Occupation
  6.5%1.2%
  1.3%0.5%
  6.4%6.8%
  18.7%10.0%
  2.8%2.5%
  13.8%11.0%
  3.2%4.8%
  0.6%0.8%
  0.6%1.9%
  3.8%4.7%
  0.7%1.9%
  1.8%7.6%
  0.0%0.1%
  3.0%4.2%
  8.0%9.3%
  12.7%14.0%
  1.9%2.1%
  5.5%7.0%
  4.1%4.8%
  4.6%4.7%
Reviews for Shelby
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Over 14 years ago

Buyer beware! This is the worst state in America for the cost of living!! I moved here from the Midwest with dreams of grander to better our lives for my daughter and  More

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