Shooks, MN Economy


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Shooks, MN is a small town located in the Midwest region of United States. This quaint little town is known for its friendly atmosphere and its excellent school district and beautiful scenery. The two bedroom rent in Shooks is significantly lower than the US average at $930 versus $1,430. Additionally, grocery costs are about 6% lower with an index rating of 94 compared to 100 for the average US supermarket goods. Popular local companies include Shook's Department Store, Tractor Supply Co., Dollar General, and Casey's General Store. The cost of living in Shooks is generally lower than that of the entire United States making it a great place to settle down with a family or retire comfortably.

Shooks has an unemployment rate of 5.1%. The US average is 6.0%.

Shooks has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.

Tax Rates for Shooks
- The Sales Tax Rate for Shooks is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Shooks 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 Shooks
- The average income of a Shooks resident is $30,016 a year. The US average is $28,555 a year.
- The Median household income of a Shooks resident is $65,833 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyShooks, MinnesotaUnited States
  5.16
  -0.2%-6.2%
  29.5%33.5%
  7.4%6.2%
  7.1%4.6%
  $26,339$37,638
  $65,833$69,021
  $81,250$85,028
  Population by Occupation
  27.8%1.2%
  1.9%0.5%
  6.5%6.8%
  7.4%10.0%
  1.9%2.5%
  1.9%11.0%
  2.8%4.8%
  2.8%0.8%
  4.6%1.9%
  6.5%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  21.3%9.3%
  7.4%14.0%
  0.0%2.1%
  5.6%7.0%
  1.9%4.8%
  0.0%4.7%
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