Shible, MN Economy


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United States / Minnesota / No Metro Area / Swift County / Shible / Zip Codes
Shible, MN is a small city located alongside the Mississippi River. It's known for its friendly people, historic downtown area, and outdoor recreation opportunities. The cost of living in Shible is quite affordable compared to other cities. Rent for a two bedroom apartment averages $760 per month, which is much lower than the US average of $1,430. Groceries are also relatively cheaper with an index of 92 compared to 100 in the US. Local companies include Shible City Hall, D&D Automotive Repair, and Anderson Veterinary Clinic. All in all, Shible provides a great balance between affordability and quality of life.

Shible has an unemployment rate of 5.6%. The US average is 6.0%.

Shible has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.

Tax Rates for Shible
- The Sales Tax Rate for Shible is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Shible 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 Shible
- The average income of a Shible resident is $27,727 a year. The US average is $28,555 a year.
- The Median household income of a Shible resident is $55,625 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyShible, MinnesotaUnited States
  5.66
  -1.8%-6.2%
  25.0%33.5%
  6.9%6.2%
  7.1%4.6%
  $31,716$37,638
  $55,625$69,021
  $71,250$85,028
  Population by Occupation
  30.3%1.2%
  0.0%0.5%
  6.1%6.8%
  3.0%10.0%
  15.2%2.5%
  12.1%11.0%
  6.1%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  6.1%7.6%
  0.0%0.1%
  0.0%4.2%
  3.0%9.3%
  12.1%14.0%
  0.0%2.1%
  6.1%7.0%
  0.0%4.8%
  0.0%4.7%
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