Shotley, MN is an up-and-coming town full of opportunity for individuals looking for a place to call home. The cost of living in Shotley is quite affordable compared to the national average, with 2 bedroom rent being $1,060 per month (compared to the US average of $1,430). Grocery cost index in Shotley sits at 94 versus 100 in the US. Local businesses in Shotley include La Casa Mexican Restaurant & Bar, Suki Thai Fusion Cuisine and D&H Industries Inc. With relatively low rent prices and a growing number of local businesses, Shotley is an ideal location for those looking to settle down or start a business.
Shotley has an unemployment rate of 5.1%. The US average is 6.0%.
Shotley 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 Shotley
- The Sales Tax Rate for Shotley is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Shotley 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 Shotley
- The average income of a Shotley resident is $43,913 a year. The US average is $28,555 a year.
- The Median household income of a Shotley resident is $50,139 a year. The US average is $69,021 a year.