Shelby, TN County is a great place to live for those looking for affordable living costs and ample employment opportunities. The average two bedroom rent in the county is only $1,030 compared to the US average of $1,430. Additionally, groceries are also much cheaper in Shelby with their grocery cost index being 96 versus 100 in the US. Local companies like FedEx corporate headquarters and International Paper are two large employers in the area as well as healthcare providers such as Methodist Le Bonheur Healthcare and Baptist Memorial Hospital-Memphis. There are also plenty of attractions to explore such as the Pink Palace Museum or Overton Park Conservancy. Overall Shelby County offers an attractive combination of affordability and job opportunities that make it a great place to call home.
Shelby County has an unemployment rate of 6.8%. The US average is 6.0%.
Shelby County has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Shelby County
- The Sales Tax Rate for Shelby County is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Shelby County is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shelby County
- The average income of a Shelby County resident is $33,287 a year. The US average is $37,638 a year.
- The Median household income of a Shelby County resident is $55,015 a year. The US average is $69,021 a year.