Shelby, IN is a small city located in Decatur County. It is home to several local businesses such as Shelby Pharmacy, Distelrath Construction, and The Law Office of John K. Smith. It offers an affordable cost of living with 2 bedroom rent prices at $1,170 which is much lower than the national average of $1,430. Grocery costs are also significantly lower than the US average; groceries in Shelby have an index rating of 94 while the US has an index rating of 100. All these factors make Shelby an attractive place to live and work for many people in the area.
Shelby has an unemployment rate of 7.6%. The US average is 6.0%.
Shelby has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Shelby
- The Sales Tax Rate for Shelby is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Shelby is 3.2%. 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 $25,433 a year. The US average is $28,555 a year.
- The Median household income of a Shelby resident is $57,533 a year. The US average is $69,021 a year.