Shelby, IA is a small town nestled in western Iowa. It is home to a variety of local businesses that provide goods and services to the local population. Companies such as Shelby’s Grocery Store, Shelby’s Auto Repair Shop, Shelby’s Cafe, and Shelby’s Hardware provide necessary products and services to the town. The cost of living in Shelby is quite reasonable compared to other towns, with 2 Bedroom rent costing $850 versus $1,430 on average in the US. Additionally, grocery costs are 95 on the index versus 100 on average in the US. This makes Shelby an affordable place to live for families and individuals alike.
Shelby has an unemployment rate of 3.5%. The US average is 6.0%.
Shelby has seen the job market decrease by -7.6% over the last year. Future job growth over the next ten years is predicted to be 16.4%, 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 9.0%. 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 $36,405 a year. The US average is $37,638 a year.
- The Median household income of a Shelby resident is $50,341 a year. The US average is $69,021 a year.