Shell Lake, MN is a small town located in the northwestern part of the state. Its close proximity to nature makes it an ideal location for outdoor activities like camping, fishing and hiking. In terms of housing costs, Shell Lake is much more reasonably priced than the rest of the country- 2 bedroom rentals come at an average price of $870 compared to the US' average of $1,430. The Grocery Cost Index in Shell Lake follows similar pricing trends to that of the US as a whole, being 100 each. \nThe town is home to many local businesses such as Shell Lake State Bank and Stern's Pharmacy & Gifts. There are various dining options available such as The Grille Station and Sheridan's Bar & Grill. There are also two grocery stores in town - Lietzau's Supervalu and Shopko Express. All in all, Shell Lake is a charming place with plenty to offer its residents including affordable housing prices and great local businesses.
Shell Lake has an unemployment rate of 5.3%. The US average is 6.0%.
Shell Lake has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Shell Lake
- The Sales Tax Rate for Shell Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Shell Lake is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shell Lake
- The average income of a Shell Lake resident is $34,397 a year. The US average is $28,555 a year.
- The Median household income of a Shell Lake resident is $53,125 a year. The US average is $69,021 a year.