Shealy, ND is a small rural town located in the Midwest. It is a community centered around farming and ranching. The cost of living in Shealy is quite low compared to the nation as a whole; for example, 2 bedroom rent is $890 compared to the national average of $1,430. Grocery prices are also lower with an index of 98 compared to 100 nationally. This area offers residents an affordable lifestyle with plenty of opportunities for outdoor recreation including fishing, hunting and camping.
The main economic engine in Shealy is agriculture based businesses such as Shiloh Farms, O'Shanly Livestock and Nashiwaka Ranch Supply. There are also various small retail establishments such as Pappy's General Store and Good Times Drive-in. These stores provide locals with basic amenities needed to stay comfortable in this rural setting.
Shealy provides residents with an idyllic rural lifestyle that many seek out from larger cities. With its affordable cost of living and access to outdoor recreation activities, it's no wonder why so many choose to call this small town home.
Shealy has an unemployment rate of 6.0%. The US average is 6.0%.
Shealy has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 11.1%, which is lower than the US average of 33.5%.
Tax Rates for Shealy
- The Sales Tax Rate for Shealy is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Shealy is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shealy
- The average income of a Shealy resident is $46,174 a year. The US average is $28,555 a year.
- The Median household income of a Shealy resident is $85,938 a year. The US average is $69,021 a year.