Shell Rock, MN is a small rural town situated in Iowa County, with an estimated population of 1,138 people according to the 2010 census. The cost of living in Shell Rock is below average compared to the US. Rent for a two bedroom apartment is $900 per month versus $1430 for the US. The Grocery Cost Index is 95 as compared to 100 in the US. \nThe local economy of Shell Rock relies on agriculture and mining with companies such as IOWA SELECT FARMS, ROCK SOLID STONE LLC., and SHELL ROCK TURKEY FARM INC that provide employment opportunities to the residents of Shell Rock.
Shell Rock has an unemployment rate of 4.5%. The US average is 6.0%.
Shell Rock has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Shell Rock
- The Sales Tax Rate for Shell Rock is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Shell Rock 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 Rock
- The average income of a Shell Rock resident is $22,689 a year. The US average is $28,555 a year.
- The Median household income of a Shell Rock resident is $60,625 a year. The US average is $69,021 a year.