Shelbyville, IL is a small town located in Central Illinois. It is known for its friendly community and affordable living costs. The average two-bedroom rent in Shelbyville is $790, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Shelbyville has been reported to be 93 versus 100 in the US as a whole.
The town of Shelbyville also offers many local businesses that contribute to its vibrant economy. These include Ford County State Bank, Warren's Supermarket, Racket Records & Music Inc., and The Attic Boutique and Coffee House. All of these businesses are dedicated to providing quality services and products to the residents of Shelbyville.
Shelbyville has an unemployment rate of 4.8%. The US average is 6.0%.
Shelbyville has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Shelbyville
- The Sales Tax Rate for Shelbyville is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Shelbyville is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shelbyville
- The average income of a Shelbyville resident is $29,025 a year. The US average is $37,638 a year.
- The Median household income of a Shelbyville resident is $51,061 a year. The US average is $69,021 a year.